SC issues notice to MS Dhoni in Arbitration proceedings against Amrapali Group

 

With Mahendra Singh Dhoni initiating arbitration proceedings against Amrapali group for default in payment for his services as its brand ambassador & with the company, now being run by a court-appointed receiver, facing a huge fund crunch for completing the construction of flats, the Apex Court has decided to examine the competing interests between the Ex-Indian cricket team captain and homebuyers.

Senior Lawyer & the Court-appointed receiver R Venkataramani brought to the Court's attention that he was getting notice & being summoned in arbitration proceedings--one filed by Dhoni & another by a company. He said that it was extremely difficult for him to take care of those litigations & pleaded that some arrangements had to be made to take care of competing claims.

Agreeing with the receiver's petition, a bench of Justice U U Lalit & Justice Bela M Trivedi stayed the arbitration proceedings & requested the arbitrators not to move with the arbitration. It also issued notice to Dhoni & listed the case for hearing to Aug 9.

Dhoni’s name first cropped up in the controversy when the Court-appointed forensic auditors found that homebuyers’ funds were diverted by Amrapali’s promoters to pay Rs 42 crore in fees to its brand ambassador M S Dhoni through Rhiti Sports, which managed his endorsement rights. The auditors held that “sham” agreements were made to divert money to the sports marketing & management company & said the money should be recovered from it.

The report says under the sponsorship agreement, the group got the right to advertise at various places during IPL 2015 for Chennai Super Kings but the agreement was on plain paper & executed only between Amrapali & Rhiti Sports & there are no signatories on behalf of CSK to this agreement. 

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