New Delhi

The Supreme Court on Monday issued notice to former Indian cricket team captain Mahendra Singh Dhoni and also stayed the arbitration proceedings initiated by the Delhi High Court against Amrapali group on his plea.

The court noted that the interest of the Amrapali home buyers has to be secured and the erstwhile management of the Amrapali group cannot be expected to represent the cause of Amrapali in the arbitration proceedings.

The top court was informed that there are two arbitrations before the high court. One of the arbitration cases has been initiated by S.T. Constructions against Amrapali Princely Estate Private Ltd.

The other arbitration case has Dhoni against Amrapali Homes Projects Private Ltd.

The top court noted that since the Amrapali proceedings are pending with it, therefore notices should be issued in the matter.

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According to Amrapali homebuyers, over Rs 42 crore has to be recovered from Dhoni, which was allegedly paid as endorsement fee by diverting the amount deposited by them.