MS Dhoni Issued Notice By Supreme Court In Arbitration Proceedings Against Amrapali
NDTV
The court had directed a probe by the Enforcement Directorate into alleged money laundering by realtors, providing relief to over 42,000 home buyers of Amrapali Group.
The Supreme Court on Monday stayed the arbitral proceedings initiated by former India captain M S Dhoni against the Amrapali group of companies, now a defunct real estate firm for which the cricketer was the brand ambassador, over some financial dispute.
The Supreme Court-appointed forensic auditors had told the bench that Amrapali Group had entered into "sham agreements" with Rhiti Sports Management Pvt Ltd (RSMPL) which promotes the brand of Dhoni, to "illegally divert" home buyers' money and a total amount of Rs 42.22 crore was paid to RSMPL during 2009-2015.
Dhoni had moved to the Delhi High Court which, on October 16, 2019, had appointed its former judge Veena Birbal as sole arbitrator to arbitrate the commercial dispute between the cricketer and the real estate firm.
A bench comprising justices UU Lalit and Bela M Trivedi was on Monday told by the court-appointed receiver about the pending arbitration proceedings between Dhoni and the defunct real estate firms and the difficulties posed to him in pursuing it.