New Delhi, Oct 14 (PTI) In relief to over 200 home buyers of Udaipur-based Project Royal Rajvilas (RRV), the Supreme Court has released their flats attached by the Enforcement Directorate (ED).

Besides, the apex has also closed the probe agency's challenge to the insolvency resolution process, where the Mumbai bench of the NCLT had approved a new owner of Udaipur Entertainment World Pvt Ltd (UEWPL) who is willing to complete the project. UEWPL was the original project owner.

The apex court also lauded the efforts of the ED in bailing out over 200 home buyers, whose dream houses were stuck for the last 12 years.

However, regarding 11 flats, which are suspected to be part of the proceeds of crime, a two-member Supreme Court bench said their provisional attachment shall continue.

The matt

See Full Page