India, Oct. 14 -- The Enforcement Directorate (ED) has restituted the unsold inventory of 354 flats, 17 commercial units and 2 plots in project Royal Rajvilas (RRV) at Udaipur, with a present market value of about Rs.175 crores, to the resolution applicant of Udaipur Entertainment World Private Limited (UEWPL), appointed under IBC (insolvency and bankruptcy code), 2016, a development which has been appreciated by the Supreme Court as well.

The agency said in a statement on Tuesday that the restoration of assets will ultimately benefit around 213 homebuyers who had purchased the units and were suffering for over 12 years.

The financial crimes probe agency had launched a money laundering probe into the matter in 2019 based on first inform...