The Supreme Court has observed that Amrapali home buyers' money has been diverted illegally and wrongly to Rhiti Sports Management Pvt Ltd, a company promoted by cricketer Mahendra Singh Dhoni.
The observation by justices Arun Mishra and U U Lalit came on Tuesday while cancelling the real estate company Amrapali Group's Real Estate Regulatory Authority's licence and appointed state-run National Buildings Construction Corp Ltd (NBCC) to complete all pending projects.
The bench has noted that the Amrapali Group of Companies paid Rs 42.22 crore to Rhiti Sports Management Pvt Ltd between 2009 and 2015. Of this, Rs 6.52 crore was