Tag: Ansal Properties

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ED Seizes Over ₹10 Crore in Assets of Ansal Promoters

NEW DELHI: The Enforcement Directorate (ED) has attached six immovable properties valued at ₹10.55 crore belonging to certain directors and shareholders of Gurugram-based Ansal Properties and Infrastructure Ltd (APIL) under the anti-money laundering law. This action is part of a case linked to alleged violations of environmental protection laws, as stated by the ED on Wednesday. The properties, which are provisionally frozen under the Prevention of Money Laundering Act (PMLA), include commercial units in Gurugram (Haryana), Greater Noida (Uttar Pradesh), and Ludhiana (Punjab). The assets belong to notable figures associated with APIL, such as Sushil Ansal, Pranav Ansal, and Kusum…

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HC Denies Relief to Ansal Properties; HRERA Penalties Stand

CHANDIGARH: The Punjab and Haryana High Court has determined that the interim penalty orders issued by the Haryana Real Estate Regulatory Authority (HRERA) against Ansal Properties and Infrastructure Ltd are appropriate and should not be challenged under writ jurisdiction. The court affirmed that the penalties were legitimately imposed under the Real Estate (Regulation and Development) Act, 2016 (RERA) for statutory non-compliance. Despite undergoing insolvency proceedings, the company must ensure adherence through its resolution professional. The High Court clarified that the petitioner has the alternative option of appealing to the Real Estate Appellate Tribunal under Section 43(5) of the RERA Act,…

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Ghaziabad Body to File New FIR Against Ansal Properties for Cave-In

GHAZIABAD: The Ghaziabad Development Authority is preparing to file a new FIR against Ansal Properties and Infra Ltd due to a cave-in at their Sushant Aquapolis Integrated Township that resulted in several vehicles being submerged in rainwater. The incident occurred during heavy rainfall on Thursday, exposing alleged violations by the developer. The downpour caused a 15-foot-deep crater in the basement of Apple Tower-7, where an unfenced section allowed water and debris from the nearby Shahberi drain to flood the parking area. During an inspection, GDA vice-chairperson Atul Vats identified significant infrastructural shortcomings. “The developer’s negligence in fencing one side of…