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The Times of India
The Times of India
Sport
PTI

SC stays arbitral proceedings between Dhoni and Amrapali group over commercial dispute

Amrapali MS Dhoni India NBCC New Delhi

NEW DELHI: The Supreme Court on Monday stayed the arbitral proceedings initiated by former India captain MS Dhoni against the Amrapali group of companies, now a defunct real estate firm for which the cricketer was the brand ambassador, over some financial dispute.

The apex court-appointed forensic auditors had told the bench that Amrapali Group had entered into "sham agreements" with Rhiti Sports Management Pvt Ltd (RSMPL) which promotes the brand of Dhoni, to "illegally divert" home buyers' money and a total amount of Rs 42.22 crore was paid to RSMPL during 2009-2015.

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