The authority termed the company’s plea for more time and recall of previous orders as a tactic to delay execution proceedings. The regulator said the directors had shown “no respect for the judicial system” by ignoring orders issued on October 31, 2025, and April 24. The authority observed that the company appeared to have the resources to make the payment but was intentionally delaying compliance to prejudice the decree-holder.
The ED had registered a case under the Prevention of Money Laundering Act (PMLA) against the company and its directors, including Ravinder Taneja, Kamal Taneja, and D.N. Taneja, for allegedly cheating over 14,000 homebuyers across 26 projects. The ED had also provisionally attached assets worth over ₹349 crore belonging to the company over allegations of diversion of customer funds.
Satinder Duggal
