New Delhi [India], November 24 (ANI): Amrapali home buyers on Tuesday apprised the Supreme Court that the real estate group's promoter Anil Sharma has not deposited Rs 250 crores as per the directions of the top court.

"More than Rs 250 crores siphoned/diverted money was required to be deposited by him (Anil Sharma) as per the judgment of July 23, 2019, but the same has still not been done," Amrapali home buyers' advocate ML Lahoty submitted to the apex court bench, headed by Justice Uday Umesh Lalit.

Also Read | Money Laundering Case: ED Raids Premises Linked to Shiv Sena MLA Pratap Sarnaik in Maharashtra.

The apex court has taken this on a serious note of the submissions made by Lahoty and also rejected all the bogus defenses on behalf of Amrapali and directed that needful be done after each of the dues are verified by the receiver and forensic auditors.

The Supreme Court also said that for this purpose, if need be, Anil Sharma may be brought from judicial custody for a short period before the receiver/forensic auditors.

Also Read | Cyclone Nivar Live Tracker Map on Windy: Severe Cyclonic Storm Likely to Cross Tamil Nadu & Puducherry Coasts on November 25, Check Realtime Status Here.

This issue and how to retrieve the money will be finally decided after two weeks by the Supreme Court, the bench headed by Justice Lalit said.

The top court was informed that many banks are hesitant to finance the Amrapali projects because of the stigma and the name of Amrapali erstwhile directors associated with it.

The apex court has assured the home buyers in this regard that since it is no longer of the earlier promoters and directors and all the decisions regarding Amrapali are being considered by the Supreme Court itself, the banks, thereby, have no reason to hesitate only because the name Amrapali is associated with these projects.

The construction of Amrapali's stalled projects is being handled by the National Building Construction Corporation (NBCC).

The Supreme Court will now hear the matter on December 1. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)