Tag: Experion Developers

Latest StoriesRegulatory

ED Alleges Experion Developers Misused IBC in Land Deal

NEW DELHI: The Enforcement Directorate (ED) has accused the real estate developer Experion Developers of improperly utilizing the Insolvency and Bankruptcy Code provisions to acquire 9.3 acres of land in Gurugram’s Sector 62. As part of a Prevention of Money Laundering Act (PMLA) investigation involving Religare Finvest, the ED attached assets owned by the corporate debtor, Dignity Buildcon, which was subsequently purchased by Experion. The ED has filed a petition with the National Company Law Tribunal (NCLT) requesting a review of its May 2023 decision that permitted Experion to take over Dignity Buildcon through the insolvency procedure. The ED highlighted…

Latest StoriesRegulatory

DTCP Warns Experion Developers, RWA Over Gurugram Layout Violations

GURUGRAM: The Department of Town and Country Planning (DTCP) has served a show-cause notice to a developer and a resident welfare association (RWA) over alleged violations of the sanctioned layout plan and licensing conditions as stipulated under the Haryana Development and Regulation of Urban Areas Act, 1975. The notice, dated August 20, 2025, addresses Experion Developers Pvt Ltd (previously Gold Developers Pvt Ltd) and the Windchants Condominium RWA in Sector 112, following a complaint about irregularities within the residential project. The notice mandates that Experion Developers and the Windchants Condominium Association promptly rectify the alleged infractions and revert the project…