Supreme Court notice to ED on realty company promoter’s bail plea in home buyers’ fraud case
The Supreme Court of India has issued a notice to the Enforcement Directorate regarding a bail plea filed by Anil Mithas, a real estate promoter accused of diverting ₹126.30 crore from homebuyers. This follows the Allahabad High Court's previous rejection of his bail application, citing the severity of white-collar financial crimes.
Why it matters
This case highlights the ongoing judicial struggle to hold real estate developers accountable for financial fraud and the protection of homebuyer interests in India.
Supreme Court notice to ED on realty company promoter’s bail plea in home buyers’ fraud case left The Supreme Court on October 26, 2026, sought the ED’s response on bail plea of Anil Mithas in the home buyers’ funds diversion case. File The Hindu The Hindu https://th-i.thgim.com/public/incoming/acxnnd/article71617378.ece/alternates/FREE_1200/6744_19_8_2025_16_15_17_2_18_08_2025_SUPREME_COURT04.JPG DEEPIKA RAJESH NEW DELHI, 18-08-2025 - A view of the Supreme Court of India on August 18, 2025. Photo: DEEPIKA RAJESH / INTERN / THE HINDU. New Delhi The case pertains to allegations that Anil Mithas, promoter of a Noida-based real estate company, diverted funds collected from homebuyers by UFHL for its Aranya project, prompting money laundering proceedings by the agency The Supreme Court on Monday (October 26, 2026) sought response from the Directorate of Enforcement (ED) on a plea filed by the main promoter of a Noida-based real estate company seeking bail in a money laundering case involving the alleged diversion of…
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