new delhi sep 12 the supreme court wednesday appointed staterun nbcc to develop the stalled projects of the amrapali group and directed the debts recovery tribunal to sell the unencumbered commercial properties of the real estate firm the top court directed the opening of an escrow account in the apex court in which the amount received after the sale of properties would be deposited and later disbursed to the national buildings construction corporation ltd nbcc to start construction of the pending projects in group a and b categories it also directed that the documents and details including bank accounts balance sheets of all 46 companies including jotindra steel since 2008 should be given to the forensic auditors nbcc is appointed to develop the projects and preparation of detail projects report dpr it can also find out the consortium of banks ready to finance the projects the bench said and cautioned the nbcc saying once we put the projects in your basket you cant shrug of the responsibility of completing them we will bind you with it it granted liberty to the amrapali group to hold talks with banks hudco and other financial institutions for financing the construction of its stalled projects the court noted that rs 1590 crore can be generated from the sale of unsold inventory and said dharmendra singh rathore officer of the debts recovery tribunal drt is entrusted with the sale of properties mentioned in the list of commercial properties it said there may be some encumbrances of noida and greater noida on these properties which shall be paid at a later stage and amrapali should provide all necessary details including title deeds dues and encumbrances to the drt officer the bench also questioned the amrapali group on why it had not filed income tax returns since 2015 and what were its inhouse auditors doing on nonfiling of returns advocate gaurav bhatia appearing for amrapali said that due to the litigations the it returns were not filed they have not filed income tax returns we want to know each and every fact as to where the money has gone what has been done with the money but you amrapali have kept everything in a fluid state the bench said it said an auditor is supposed to act as a watchdog of the company and say if you dont give me the required papers then i will put down my papers the bench directed rs 5 lakh to be transferred to drt from the frozen bank account of amrapali and said representatives of the real estate firm noida and greater noida should assist the drt officer to sell the properties it directed amrapali group cmd anil sharma to withdraw his affidavit filed giving details of assets and why the properties worth rs 84788 crore has come to rs 67 crore in a span of four years the court found that in the affidavit certain averments were made regarding lawyer m l lahoti appearing for homebuyers in the