NEW DELHI: On Tuesday, the Supreme Court moved a money-laundering case involving real estate magnate Amit Katyal, linked to alleged fraud against homebuyers, from Gurugram to a special PMLA court in Delhi.
A bench consisting of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi issued the transfer order following Katyal’s request to shift the case lodged under the Prevention of Money Laundering Act (PMLA).
“We instruct that the PMLA proceedings currently before the Special Judge in Gurugram, Haryana, be transferred to the Special Judge at the Saket Court Complex in Delhi. The prosecution will continue at the new court from the current stage in Gurugram,” stated the bench.
“In this instance, part of the offense under section 4 of the PMLA involved the concealment of illicit earnings traced to Delhi. This establishes concurrent jurisdiction for the PMLA courts at both Delhi and Gurugram to adjudicate such offenses.
“The allegations presented in the prosecution complaint unequivocally indicate that homebuyers were deceived, with the proceeds of crime being amassed in Gurugram, the location of the project. Extensive land holdings in Gurugram, identified as proceeds of crime, have been seized. Thus, the initiation of PMLA prosecution in Gurugram stands valid,” the bench remarked.
On November 19 of last year, Amit Katyal, a real estate figure noted for his proximity to RJD leader Lalu Prasad’s family, was arrested by the Enforcement Directorate (ED) in relation to the money-laundering case regarding homebuyer fraud in Gurugram.
Katyal was also apprehended by the ED in 2023 over a separate money-laundering investigation connected to an alleged land-for-jobs scheme involving Prasad, his spouse Rabri Devi, and other relatives.
He later secured bail in that separate case.
The current inquiry relates to claims of undelivered flats in Krrish Florence Estate, constructed over 14 acres in Gurugram’s Sector 70. The project was spearheaded by Katyal’s firm, Angle Infrastructure Private Limited.
The ED reported that Katyal acquired a license from another developer through “fraudulent” means and began soliciting funds from potential buyers well before receiving the license from Haryana’s Directorate of Town and Country Planning (DTCP), generating illicit proceeds estimated at Rs 300 crore.
The ED’s investigation uncovered numerous “fraudulent” bookings made by Katyal to third parties regarding a project intended for central government employees, alongside a “diversion” of funds for other uses, resulting in project delays.
The agency accused Katyal of “alienating” a portion of the licensed land, two acres valued at Rs 130 crore, to third parties at undervalued rates during insolvency proceedings, describing this as a “clear abuse of legal process under the IBC (Insolvency and Bankruptcy Code).”
Additionally, significant loans from a public sector bank were allegedly “diverted” through fraudulent transactions, causing an estimated loss of around Rs 80 crore to the lender.
A chargesheet was filed against Katyal by the federal agency in August 2025, alleging he defrauded homebuyers of Rs 500 crore through Krrish Realtech, of which he is a promoter.
