New Delhi, Oct. 15 -- The Supreme Court has commended the Directorate of Enforcement (ED) for its proactive steps in restoring attached properties to safeguard the interests of innocent homebuyers affected by a real estate scam linked to the Royal Rajvilas housing project in Udaipur, Rajasthan.
A Bench comprising Justice Sanjay Kumar and Justice Alok Aradhe observed that the ED's actions ensured relief for genuine investors who had suffered due to the fraudulent activities of the developers.
"We record our appreciation for the efforts made by the Directorate of Enforcement in restoring the attached assets to protect the rights of genuine and innocent homebuyers," the Court noted.
The project was undergoing the Corporate Insolvency Resolu...