The Delhi High Court has set aside a November 27, 2025, order that directed the restoration of properties attached by the Enforcement Directorate in the stalled Greenopolis housing project case. Justice Anup Jairam Bhambhani appointed a three-member monitoring committee headed by former Chief Justice of the Supreme Court of India Sanjiv Khanna to verify genuine homebuyer claims and streamline the restitution process.
Monitoring Committee Established for Gurugram Residential Project
Justice Bhambhani appointed former Chief Justice of the Supreme Court of India Sanjiv Khanna to chair the three-member panel, joined by former Principal District Judge, New Delhi District, H.S. Sharma and former Additional District & Sessions Judge, Delhi, Ajay Kumar Kuhar. The court established the committee to handle manifold complexities arising from large numbers of claimants and competing claims over assets attached by the Enforcement Directorate. The Greenopolis project spans approximately 47.218 acres across Hayatpur and Badha villages in Gurugram’s Sector 89. Specific landowners, Three C Shelters Pvt Ltd, Orris Infrastructure Pvt Ltd, and Three C Universal Developers Pvt Ltd were parties to a development agreement executed on November 2, 2011. Haryana Real Estate Regulatory Authority records indicate the project planned 1,862 units, with 1,650 allotted as of January 23, 2019. Three C Shelters collected ₹776.60 crore from homebuyers, while Orris collected about ₹383.06 crore.
Legal Proceedings and Asset Attachment Disagreements
The dispute involves parallel proceedings under insolvency laws and the Prevention of Money Laundering Act. Three C Shelters faces insolvency proceedings under the Insolvency and Bankruptcy Code, while the Enforcement Directorate launched PMLA proceedings following an Economic Offences Wing case against Three C Shelters, Orris, and their former promoters. The High Court held that PMLA and insolvency proceedings operate on distinct asset pools. Properties attached by the Enforcement Directorate that do not belong to the corporate debtor fall outside the remit of the insolvency resolution professional, and the resolution professional holds no statutory role in PMLA proceedings, the court found. The High Court set aside the PMLA court’s November 27, 2025 order, which had directed the restoration of properties attached under a provisional attachment order and permitted their disposal for restitution. The High Court observed that Rule 3A of the PML Rules governs restoration during trial and can only be invoked after charges are framed. Interim orders from January 3 and January 21, 2026, were recalled and vacated, and the court clarified it would not precipitate liquidation of attached properties at this stage.
Verification Process and Timeline for Homebuyers
The Monitoring Committee will verify genuine homebuyers regardless of whether they paid Three C Shelters or Orris, maintain a list of attached assets, verify payments, and scrutinize supporting documents. Claimants are required to submit affidavits confirming they hold no ties or connection to the promoters of Orris, Three C Shelters, or any associated, affiliate, or group entities, alongside making a declaration if they function as real estate brokers or property dealers. The committee expects to complete its mandate within eight months of its first meeting and submit reports every three months. The Enforcement Directorate must transfer funds from specified bank accounts to the “Account-Greenopolis Monitoring Committee” within one week. Homebuyers previously approached the High Court seeking either their booked units with delay penalties or full refunds with interest after developers abandoned the project midway through construction.
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