Justice Restored: Homebuyers Triumph in 12-Year Battle

The Enforcement Directorate (ED) has returned properties worth Rs 175 crore to over 200 homebuyers after a protracted legal battle involving money laundering charges against Bharat Bomb. The properties belong to the Royal Rajvilas project in Rajasthan, and their restoration ends a 12-year struggle for the buyers.

The Enforcement Directorate (ED) has successfully restored properties worth Rs 175 crore to more than 200 homebuyers, bringing an end to their 12-year wait. This resolution came after extensive litigation involving a money laundering case linked to Bharat Bomb and the Royal Rajvilas project in Rajasthan.

The properties, which include 354 flats, 17 commercial units, and two plots, belong to a project named Royal Rajvilas in Udaipur. The ED's intervention resolved a complex legal dispute with some properties initially attached in a 2019 investigation.

The Supreme Court's support played a crucial role in securing the interests of the bona fide buyers, allowing them to reclaim their investments. The court commended the ED's efforts in resolving prolonged litigation, highlighting the agency's proactive approach in achieving a harmonious solution.

(With inputs from agencies.)