Overview

• Acting on the October 10 order, the ED transferred attached assets to the successful resolution applicant of UEWPL under PMLA section 8(8).
• The restituted stock includes 354 flats, 17 commercial units and two plots in Royal Rajvilas, valued at about ₹175 crore.
• After verifying 221 buyer claims, the agency says the outcome will benefit about 213 genuine homebuyers who have waited more than 12 years.
• The clash began when NCLT approved a 2022 resolution plan and vacated ED’s attachment, triggering litigation over IBC and PMLA authority that is now resolved for this case.
• The ED notes the order was confined to the case’s facts without creating a precedent, while citing a wider restitution drive totaling ₹34,580 crore.