https://www.taxtmi.com/news?id=73031 Proceedings concerned a plea alleging siphoning and diversion of homebuyers' funds in real estate projects, with claims of non-construction use, transfers to related entities, and stalled or insolvent projects leaving buyers exposed to loss. The Court sought responses from multiple authorities and developers, and directed the ED to place a status report on the progress of its investigation, while submissions also urged expeditious investigation, provisional attachment of diverted assets, and RBI scrutiny of bank financing in stalled housing projects. en-us Thu, 28 May 2026 15:16:07 +0530 Thu, 28 May 2026 15:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73031 Proceedings concerned a plea alleging siphoning and diversion of homebuyers' funds in real estate projects, with claims of non-construction use, transfers to related entities, and stalled or insolvent projects leaving buyers exposed to loss. The Court sought responses from multiple authorities and developers, and directed the ED to place a status report on the progress of its investigation, while submissions also urged expeditious investigation, provisional attachment of diverted assets, and RBI scrutiny of bank financing in stalled housing projects. News - Thu, 28 May 2026 15:16:07 +0530 https://www.taxtmi.com/news?id=73031