MS Dhoni: The Supreme Court has stayed the arbitration proceedings initiated by former Indian cricket team captain Mahendra Singh Dhoni over some financial dispute against the real estate company Amrapali Group.
MS Dhoni: The Supreme Court has stayed the arbitration proceedings initiated by former Indian cricket team captain Mahendra Singh Dhoni over some financial dispute against the real estate company Amrapali Group. Dhoni was the ‘brand ambassador’ of the now defunct real estate company group.
- Big controversy over former captain Dhoni
The Supreme Court-appointed forensic auditor had told the court that Amrapali Group entered into a fictitious pact with Rithi Sports Management Pvt Ltd (RSMPL), which promoted Dhoni’s brand, to illegally launder money from housing buyers. Also, a total of Rs 42.22 crore was paid to RSMPL between 2009 and 2015.
- This big reason came out
Dhoni had moved the Delhi High Court. The court had on 16 October 2019 appointed former judge Veena Birbal as the sole arbitrator to mediate between the cricketer and the real estate company. A court-appointed ‘receiver’ to a bench of Justices U U Lalit and Bela M Trivedi on Monday explained the pending arbitration proceedings between Dhoni and the real estate company and the problems being faced by them in taking it forward.
- Dhoni had approached the Delhi High Court
Receiver is an officer of the court who helps the court to preserve the material of the suit till the matter is decided by the court. The Supreme Court, in its order, noted that in order to ensure that the interests of housing buyers are protected, it has taken cognizance of the issues and appointed a court receiver to ensure that housing projects are completed within time and for apartment buyers. be allotted to..
- Supreme Court issues notice to Dhoni
“In view of all this, it would be extremely difficult for the receiver to defend and maintain such suit,” the bench said. It cannot be expected that the erstwhile management of Amrapali Group or any other person can be represented before the arbitrator.
- Real estate company gave big amount to Dhoni!
It is noteworthy that in April 2019, Dhoni had moved the Supreme Court requesting protection of his ownership over a penthouse of over 5,500 square feet that was booked by him in an Amrapali group project 10 years ago. Advocate ML Lahoti, who is associated with the case, submitted that the real estate company had paid a hefty amount to Dhoni for being the brand ambassador and “we had earlier argued that this amount should be taken back” and “the matter of getting the money back is in the Supreme Court”. continues.