New Delhi: With Mahendra Singh Dhoni to initiate arbitration proceedings against Amrapali With the group and the company now being run by a court-appointed receiver for default in payment for its services as its brand ambassador, it is facing a huge fund crunch to complete the construction of the flats. , Supreme court has decided to investigate the competing interests between the former Indian cricket team captain and home buyers,

Senior advocate and court appointed receiver R Venkataramani It was brought to the notice of the court that they are getting notices and being called in arbitration proceedings – one filed by Dhoni and the other by the company. He said that it was extremely difficult for him to look after those litigation and requested that some arrangement should be made to take care of competing claims.

Agreeing with the receiver’s plea, a bench of Justices UU Lalit and Bela M Trivedi stayed the arbitration proceedings and requested the arbitrators not to proceed with the mediation. It also issued notice to Dhoni and listed the matter for hearing on August 9.

Dhoni’s name first came into controversy after court-appointed forensic auditors found that Rs 42 crore was paid as fees by Amrapali’s promoters to homebuyers’ funds through Rhiti Sports to its brand ambassador MS Dhoni, which managed their endorsement rights. The auditors considered that “false” agreements were made to give money to the game marketing and management company and that the money should be recovered from it.

The report said that under the sponsorship agreement, the group got the right to advertise for Chennai Super Kings at various venues during IPL 2015, but the agreement was on plain paper and only between Amrapali and Rhiti Sports and There is no signatory from CSK side to this agreement. ,