India, Sept. 17 -- New Delhi

The Supreme Court on Wednesday directed the enforcement directorate (ED) to give top priority to attaching assets of former Amrapali directors, observing that the agency had provisionally attached assets worth only Rs.283 crore over the past six years, against Rs.5,619 crore invested by over 46,000 homebuyers.

Directing the agency to pull up its socks and effect recovery of money and sale of attached assets, the court posted the matter to October 26 to review the progress. It reminded the agency that in 2019, the top court had cancelled the RERA licence of Amrapali Group and ordered the ED to trace the money siphoned by its erstwhile directors to ensure the stalled projects are completed in time.

The bench ...