New Delhi: The Enforcement Directorate (ED) has restored more than 350 immovable properties, including flats, commercial units, and plots, worth Rs 175 crore to homebuyers in Rajasthan’s Udaipur, earning the Supreme Court’s praise for its efforts.

The restitution follows the resolution of Udaipur Entertainment World Private Limited (UEWPL), a firm embroiled in a multi-crore bank fraud case, through insolvency proceedings. A total of 213 homebuyers would benefit from the ED’s move, which clears the path for completion of the long-stalled Project Royal Rajvilas.

Udaipur Entertainment World Private Limited was resolved by the National Company Law Tribunal in 2022, in favour of resolution applicants, which included the homebuyers and the lenders. Show Full Article

In a statement Tuesday, a

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