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New Delhi: The Supreme court The interim bail granted to former CMD was extended for 12 weeks on Thursday Amrapali Group of companies Anil Kumar Sharma on medical grounds. A bench of Justices Ajay Rastogi and Bela M Trivedi observed after advocate Manoj Singh, appearing for Sharma, said that his client has to undergo surgery for cataract and glaucoma.
Singh said, “He was operated on his left eye on November 25 and now the likely date of December 19 is to operate on his right eye provided his parameters are normal.”
After this, Sharma also has to undergo spine surgery.
The apex court said it would take up on priority the application of court receiver Attorney General R Venkataramani on the floor area rationing (FAR) issue as it pertains to raising funds for the stalled project of Amrapali.
FAR is the ratio of the total floor area of a building to the size of the piece of land on which it is built. This varies between cities and municipal areas.
The bench asked ML Lahoti, counsel for the home buyers, to prepare a note of all the applications filed by them as it wanted to dispose of them by a common order.
The bench posted the matter for further hearing on January 19, 2023.
The apex court had earlier on October 22 extended the interim bail granted to Sharma on health grounds.
It had allowed him to go to a hospital in Chennai for the surgery and said he would have to file a report about his medical condition five days after the procedure.
Sharma has been in jail since his arrest in 2018 for various offenses including cheating, criminal breach of trust and money laundering. He is accused of grabbing money from home buyers.
In its judgment dated July 23, 2019, the apex court had cracked down on builders guilty of breaching the trust of home buyers and ordered the cancellation of Amrapali Group’s registration under real estate law RERA and it was banned in the National Capital Region. I was evicted from prime properties. (NCR) by ending land leases.
It directed an Enforcement Directorate (ED) probe into alleged money laundering by realtors, providing relief to over 42,000 homebuyers of the Amrapali Group.
Besides the ED, the Economic Offenses Wing of the Delhi Police and Serious Fraud Investigation Office Probing various cases registered against former executives of the real estate group.
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