Delhi HC Dismisses Plea to Oversee ED Probe into IREO Residences


NEW DELHI: The Delhi High Court has affirmed the Enforcement Directorate’s investigation into the real estate company IREO Residences and dismissed a petition claiming bias against the agency.

Justice Manmeet Pritam Singh Arora issued the ruling on Wednesday, criticizing petitioner Gulshan Babbar for omitting vital information and imposing a fine of Rs 1.25 lakh for misleading the court.

Babbar alleged that the Enforcement Directorate had failed to properly investigate financial discrepancies amounting to Rs 1,317 crore related to bank loans and land transactions in Gurugram. The High Court dismissed Babbar’s petitions due to lack of standing and maintainability.

  • Published On Jul 5, 2025 at 09:40 AM IST

Join the community of 2M+ industry professionals.

Subscribe to our newsletter for the latest insights and analysis delivered to your inbox.

Stay updated on the ETRealty industry right from your smartphone!


Related Posts

Yashwant Singh Purchases ₹100 Crore Bungalow in South Delhi

AI-generated Representative Image Yashwant Singh, a member of a royal family in Rajasthan, has acquired an 867-square-meter bungalow in South Delhi’s Golf Links for ₹100 crore. He paid ₹7 crore in stamp duty and corporation tax, according to documents from CRE Matrix, a real estate data analytics firm. The property was sold by Anu Jindal, a resident of DLF The Camellias. Jindal’s husband, Jai P. Jindal, who leads an art glass business, confirmed the sale, stating they intend to relocate to The Camellias. According to Jindal, the buyer belongs to a royal lineage from Alwar and also owns a bungalow…

Jaipur: Pay Urban Development Tax Online with JMC-Greater

JAIPUR: To enhance revenue generation, JMC-Greater is now offering residents the option to pay their urban development (UD) tax online or request home collection services. Starting July 1, the JMC-G will also conduct tax collection camps in all wards on a rotational basis. Officials have stated that property owners can call the toll-free number 1800-572-8545, which is managed by the corporation’s authorized firm, to arrange for a collection agent to visit their home. Additionally, UD tax payments can be made through any UPI application using the QR code printed on the UD tax bill. At the collection camps, property owners…

Karnataka Legislators Explore Gujarat Town Planning Schemes

Representative image created by AI HUBBALLI: A delegation of state legislators and officials is visiting Gujarat to assess the planning and execution of town planning schemes currently in place there. The team includes Hubballi-Dharwad East MLA Prasad Abbayya, Hubballi-Dharwad West MLA Arvind Bellad, Hubballi-Dharwad Central MLA Mahesh Tenginakai, HDUDA president Shakir Sanadi, among others. Their objective is to learn from Gujarat’s successful implementation. The state government dispatched the team on Tuesday for a two-day exploration to gather information on the town planning frameworks that have been recently introduced in Gujarat. Shakir Sanadi, president of the Hubballi-Dharwad Urban Development Authority, communicated…