<h1>Real Estate Developer Faces FIR for Cheating, Breach of Trust, and Organized Crime; Insolvency Process Initiated for Loan Default.</h1> The Uttar Pradesh Police have filed an FIR against a real estate developer group for alleged cheating, breach of trust, criminal conspiracy, and organized crime, following instructions from the Chief Minister to protect homebuyers. The FIR, lodged at Gomti Nagar police station in Lucknow, names several individuals associated with the group. Concurrently, the National Company Law Tribunal has admitted the company into the Corporate Insolvency Resolution Process due to a loan default of Rs 257 crore, following a petition by a financial services company, which claimed the developer failed to honor a previous settlement agreement.