beetle Posted July 24, 2019 Share Posted July 24, 2019 8 minutes ago, velu said: They are into housing real estate and Dhoni is their brand ambassador , so how do you expect them to pay Dhoni ? Akshay Kumar promotes Lodha group btw When lodha gp does what amrapalli has done to so many people....then they go to court too and fave the music. As for paying dhoni....endorsing a bad product was the risk he took. Why should ordinary people pay for it? The law says banks will be paid first followed by home owners ....it does not say people who become brand ambassador to lure people or who invest in real estate companies for high interest returns will be paid first. He should wait in line for real victims to get their due instead of cutting line and taking his promised share by snatching from people he lured into making bad investment. Nikola, Ironhide, Tridibans_16 and 2 others 1 4 Link to comment Share on other sites More sharing options...
beetle Posted July 24, 2019 Share Posted July 24, 2019 4 hours ago, rkt.india said: Profit, Three times the investment. That is a personal high risk investment with a company . If the company goes bankrupt ,then the investor also suffers. Why should dhoni 's high risk investment be compensated by the the low risk investment of home owners ? It is like saying one person invest in low interest but safe FD and the other in high risk ,high return shares. The market goes down and everyone has to bear some degree of loss. Why should the money of the FD investor be used to compensate the greedy high risk investor? Why should the low risk taking and low return seeking investor lose his money to pay the greedy high risk investor ? Sgattick10, Ironhide and shami_123 2 1 Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, beetle said: That is a personal high risk investment with a company . If the company goes bankrupt ,then the investor also suffers. Why should dhoni 's high risk investment be compensated by the the low risk investment of home owners ? It is like saying one person invest in low interest but safe FD and the other in high risk ,high return shares. The market goes down and everyone has to bear some degree of loss. Why should the money of the FD investor be used to compensate the greedy high risk investor? Why should the low risk taking and low return seeking investor lose his money to pay the greedy high risk investor ? Itna bada reply hain FYKI , banks who lend to amarapali will be compensated before the home buyers .. then secured creditors will be compensated .. that is the law .. Do you want Dhoni to simply forget his money ? If he didn't file his petition , people will say Dhoni did something wrong that's why he is not claiming his money back . And coming back to the brand ambassador part , now it looks like a bad project , but it was a good opportunity in the beginning of the project . If Dhoni knows that it's a bad project , he might have invested his own money Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, beetle said: That is a personal high risk investment with a company . If the company goes bankrupt ,then the investor also suffers. Why should dhoni 's high risk investment be compensated by the the low risk investment of home owners ? It is like saying one person invest in low interest but safe FD and the other in high risk ,high return shares. The market goes down and everyone has to bear some degree of loss. Why should the money of the FD investor be used to compensate the greedy high risk investor? Why should the low risk taking and low return seeking investor lose his money to pay the greedy high risk investor ? Because that's the law . Secured lenders will be paid first . Home buyers are not lenders according to the law ( correct I feel ) Link to comment Share on other sites More sharing options...
philcric Posted July 24, 2019 Share Posted July 24, 2019 https://scroll.in/latest/931589/amrapali-group-may-have-illegally-diverted-homebuyers-money-to-firm-linked-to-ms-dhoni-says-sc Quote The Supreme Court on Tuesday observed that the debt-ridden Amrapali Group may have diverted money of its customers illegally to a group company linked to cricketer Mahendra Singh Dhoni. The court made the statement in its judgement cancelling the registration of the construction group under the Real Estate (Regulation and Development) Act for committing fraud and siphoning off home buyers’ money. Dhoni was a brand ambassador of the Amrapali Group between 2009 and 2016. He had sued the realty firm for not clearing dues amounting to Rs 40 crore owed to him. His wife Sakshi Dhoni is a director in group company Amrapali Mahi Developers Private Limited. While summarising a report submitted by court-appointed forensic auditors Pawan Kumar Aggarwal and Ravinder Bhatia, the judges said Amrapali Group firms and Rhiti Sports Management Private Limited entered into “sham agreements” just for making payments to the latter. Dhoni, who was then the cricket team captain, had faced controversy in 2013 when reports said he held 15% stake in the sports management firm, raising questions about conflict of interest. However, the company later said he had held stake only briefly. The company is run by Arun Pandey, a close friend of Dhoni. Dhoni is one of the cricketers that the company manages. Citing one such dubious agreement, the court said, on the basis of the auditors’ findings: “We feel that home buyers’ money has been diverted illegally and wrongly to Rhiti Sports Management Private Limited and should be recovered from them as the said Agreement in our opinion do not stand the test of Law.” The auditors listed Amrapali Mahi Developers Private Limited in a list of 10 companies that were created by the Amrapali Group “solely for the purpose of routing funds”. “These companies did not have any material transaction as per the main object for which they were incorporated and did not have business since their incorporation,” they said. “These companies did not have any employees also. These companies are shell companies used only to route interest free funds from one company to another.” According to the autditors, “the company received share capital [from Amrapali Group] in cash and all the expenses were paid in cash only”. The court passed its judgement after hearing a batch of petitions by home buyers seeking possession of around 42,000 flats booked in the real estate company’s projects in Uttar Pradesh. beetle, velu and Rightarmfast 1 1 1 Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 29 minutes ago, philcric said: https://scroll.in/latest/931589/amrapali-group-may-have-illegally-diverted-homebuyers-money-to-firm-linked-to-ms-dhoni-says-sc disclaimer:- not-trolling dont think dhoni is responsible if he has received illegal money .. assume your captain kohli receives his branding fee from wrongon and wrongon paid him from their illegal money , kohli wont be responsible Link to comment Share on other sites More sharing options...
philcric Posted July 24, 2019 Share Posted July 24, 2019 (edited) 46 minutes ago, velu said: disclaimer:- not-trolling dont think dhoni is responsible if he has received illegal money .. assume your captain kohli receives his branding fee from wrongon and wrongon paid him from their illegal money , kohli wont be responsible Come on man, it wasn't just about receiving some money from a company who you did some brand advertising for. The involvement was much deeper. Please read the below properly ... "His wife Sakshi Dhoni is a director in group company Amrapali Mahi Developers Private Limited." "The judges said Amrapali Group firms and Rhiti Sports Management Private Limited entered into “sham agreements” just for making payments to the latter." The auditors listed Amrapali Mahi Developers Private Limited in a list of 10 companies that were created by the Amrapali Group “solely for the purpose of routing funds”. “These companies did not have any material transaction as per the main object for which they were incorporated and did not have business since their incorporation,” they said. “These companies did not have any employees also. These companies are shell companies used only to route interest free funds from one company to another.” “the company received share capital [from Amrapali Group] in cash and all the expenses were paid in cash only”. Edited July 24, 2019 by philcric beetle 1 Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 8 minutes ago, philcric said: "His wife Sakshi Dhoni is a director in group company Amrapali Mahi Developers Private Limited." "The judges said Amrapali Group firms and Rhiti Sports Management Private Limited entered into “sham agreements” just for making payments to the latter." you need to know the full story .. dhoni invested his 25 crores with amrapali and formed a pvt ltd .. whats the big deal ? he himself lost 25 crore and asked to included him in the creditor list as well probably injians need some lessons abt economics and corporate lessons Link to comment Share on other sites More sharing options...
Vilander Posted July 24, 2019 Share Posted July 24, 2019 9 hours ago, rkt.india said: You forgot csk was banned. how is it related to Dhoni ? Link to comment Share on other sites More sharing options...
rkt.india Posted July 24, 2019 Share Posted July 24, 2019 (edited) 3 hours ago, Vilander said: how is it related to Dhoni ? Dhoni was the captain of CSK and vice president of India Cements, owner of CSK. CSK owner's SIL was the team manager of CSK. They are all related. Edited July 24, 2019 by rkt.india beetle, Laaloo and sergio04 3 Link to comment Share on other sites More sharing options...
Sandeep99 Posted July 24, 2019 Share Posted July 24, 2019 Why am I not surprised?! They also use Indian team for branding purposes. They display no intent in winning games. They're on a mission to destroy Indian cricket. beetle 1 Link to comment Share on other sites More sharing options...
beetle Posted July 24, 2019 Share Posted July 24, 2019 5 hours ago, velu said: Because that's the law . Secured lenders will be paid first . Home buyers are not lenders according to the law ( correct I feel ) How does dhoni become secured lender? Is he a bank or official lending organisation? He seems more like a chit fund kind of lender. Which bank promises 3 times the investment ? Sgattick10 and sergio04 2 Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 2 minutes ago, beetle said: How does dhoni become secured lender? Is he a bank or official lending organisation? He seems more like a chit fund kind of lender. Which bank promises 3 times the investment ? You are totally out of context .. He is a lender but homebuyers are not .. secured or unsecured is debatable , because I am yet to see the docs And it was amarapali who promised him 200% returns and not banks .. These kind of returns are not unusual in real estate sector 25 to 75 crore is 2 time returns and not 3 Link to comment Share on other sites More sharing options...
beetle Posted July 24, 2019 Share Posted July 24, 2019 3 hours ago, velu said: you need to know the full story .. dhoni invested his 25 crores with amrapali and formed a pvt ltd .. whats the big deal ? he himself lost 25 crore and asked to included him in the creditor list as well probably injians need some lessons abt economics and corporate lessons Why creates shell company with zero employees to receive payments ?...why not take payments in cheques....or bank tranfers with proper money trail? Link to comment Share on other sites More sharing options...
Laaloo Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, Vilander said: how is it related to Dhoni ? Cricketics 1 Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 23 minutes ago, beetle said: Why creates shell company with zero employees to receive payments ?...why not take payments in cheques....or bank tranfers with proper money trail? Even I have one shell company , it's easy to manage income through LLP or a pvt ltd Anyway hope you are clear about lender vs homebuyers Link to comment Share on other sites More sharing options...
beetle Posted July 24, 2019 Share Posted July 24, 2019 (edited) 11 minutes ago, velu said: Even I have one shell company , it's easy to manage income through LLP or a pvt ltd Anyway hope you are clear about lender vs homebuyers No....I feel the home buyers who took less risk and invested their life's earnings to get a house should be compensated first. Banks come first because they invest the money of public. Individuals who lend money at high risk and high interest rate should be last to be conpensated because it s a high personal risk with no public money involved. As for law...From what it looks like....dhoni and his friend do not look like they did everything strictly by law...hence the court intervention. https://m.businesstoday.in/story/amrapali-diverted-homebuyers-money-mahendra-singh-dhoni-wife-sc/1/367359.html Let us see if the court thinks the home buyers deserve the compensation more that this guy who hoodwinked people into buying these houses. He is hand in glove with the owners in fooling the home buyers. Edited July 24, 2019 by beetle Rightarmfast and Sgattick10 2 Link to comment Share on other sites More sharing options...
Stan AF Posted July 24, 2019 Share Posted July 24, 2019 6 hours ago, velu said: Because that's the law . Secured lenders will be paid first . Home buyers are not lenders according to the law ( correct I feel ) Unrelated Did you see the NCLAT Verdict on essar steel and the related amendment in.parli regarding IBC?? Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 6 minutes ago, beetle said: No....I feel the home buyers who took less risk and invested their life's earnings to get a house should be compensated first. Banks come first because they invest the money of public. thats the law sadly .. actually banks will have the first preference in recouping their loans before anyone else https://www.financialexpress.com/industry/banking-finance/who-comes-first-homebuyers-or-banks-here-is-what-centre-is-mulling/911755/ https://www.businesstoday.in/current/policy/has-insolvency-and-bankruptcy-code-failed-homebuyers/story/361574.html 6 minutes ago, beetle said: Individuals who lend money at high risk and high interest rate should be last to be conpensated because it s a high personal risk with no public money involved. 6 minutes ago, beetle said: As for law...From what it looks like....dhoni and his friend do not look like they did everything strictly by law...hence the court intervention. all are masala news .. shell comapnies can be misued by the corporates easily , but not that easy for the individuals to misuse it 6 minutes ago, beetle said: Let us see if the court thinks the home buyers deserve the compensation more that this guy who hoodwinked people into buying these houses. He is hand in glove with the owners in fooling the home buyers. jaypeee homebuyers vs banks case going on .. not sure about the current status https://www.business-standard.com/article/current-affairs/noida-homebuyers-caught-between-banks-and-builders-117090200899_1.html Link to comment Share on other sites More sharing options...
velu Posted July 24, 2019 Share Posted July 24, 2019 4 minutes ago, Stan AF said: Unrelated Did you see the NCLAT Verdict on essar steel and the related amendment in.parli regarding IBC?? never watch those .. all conversation will be in hindi imho both banks and creditors should take big loss and small lenders should take minimal loss in percentage terms .. Link to comment Share on other sites More sharing options...
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