Thursday, August 18, 2022

SC notice to Dhoni in arbitration proceedings against Amrapali

The Supreme Court on Monday issued notice to former Indian cricket team captain Mahendra Singh Dhoni and also stayed the arbitration proceedings initiated by the Delhi High Court against Amrapali group on his plea.
A bench of Justices U.U. Lalit and Bela M. Trivedi noted that the interest of the Amrapali home buyers has to be secured and the erstwhile management of the Amrapali group cannot be expected to represent the cause of Amrapali in the arbitration proceedings.
It added that in these circumstances, an arrangement has to be arrived at, so that claims made by the homebuyers are satisfied and thereafter, the betterment of Amrapali can be looked into and secured. The top court was informed that there are two arbitrations before the high court. One of the arbitration cases has been initiated by S.T. Constructions against Amrapali Princely Estate Private Ltd, where Justice B.S. Chauhan has been appointed as the arbitrator.
In the other arbitration case, Dhoni against Amrapali Homes Projects Private Ltd, Justice Veena Birbal, a former high court judge, has been appointed as sole arbitrator to adjudicate the disputes between the parties. The top court noted that since the Amrapali proceedings are pending with it, therefore notices should be issued in the matter.
According to Amrapali homebuyers, over Rs 42 crore has to be recovered from Dhoni, which was allegedly paid as endorsement fee by diverting the amount deposited by them. In July 2019, the top court in its judgment had said that Amrapali had diverted Rs 42.22 crore of homebuyers’ money to pay its brand ambassador Dhoni and the amount was paid to Rhiti Sports, which manages the cricketer’s endorsements.

SourceIANS

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