https://www.taxtmi.com/caselaws?id=766359 Delhi HC declined to recall its order directing SFIO investigation into Three C Shelters Pvt. Ltd.'s ex-promoters and directors for alleged fund siphoning from homebuyers. The court found the Greenopolis project abandoned after 13 years with homebuyers as victims. While acknowledging NCLT's jurisdiction over CIRP proceedings and monitoring committee oversight, HC emphasized the investigation's necessity to protect homebuyers' interests given the slow pace of existing investigations. The court directed Central Government to entrust SFIO with investigating ex-promoters' roles while excluding ACE Group from SFIO probe, allowing Registrar of Companies to continue examining their TCSPL transactions. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 24 Feb 2025 08:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766359 Delhi HC declined to recall its order directing SFIO investigation into Three C Shelters Pvt. Ltd.'s ex-promoters and directors for alleged fund siphoning from homebuyers. The court found the Greenopolis project abandoned after 13 years with homebuyers as victims. While acknowledging NCLT's jurisdiction over CIRP proceedings and monitoring committee oversight, HC emphasized the investigation's necessity to protect homebuyers' interests given the slow pace of existing investigations. The court directed Central Government to entrust SFIO with investigating ex-promoters' roles while excluding ACE Group from SFIO probe, allowing Registrar of Companies to continue examining their TCSPL transactions. Case-Laws Companies Law Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766359