Tag: #RealEstateFraud

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ED Attaches Rs 335 Crore Worth of Unitech Group Assets under PMLA.

October 23, 2024

The Enforcement Directorate (ED) has attached fresh assets valued at Rs 335 crore belonging to the Unitech Group and an associated company under the Prevention of Money Laundering Act (PMLA), according to a statement released on Tuesday. The provisional attachment order targets movable properties worth Rs 319 crore and Rs 16 crore, associated with Unitech […]

ED Attaches Rs 335 Crore Worth of Unitech Group Assets under PMLA.more

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.

July 23, 2024

In a recent ruling, the Karnataka High Court emphasized the necessity for home buyers to name the promoters in their complaints against real estate companies. This comes in response to a common issue where real estate firms declare insolvency while their promoters continue to thrive financially. Some promoters exploit this situation by declaring bankruptcy and […]

Karnataka HC: Disgruntled Home Buyers Must Identify Promoters in Complaint.more