The Delhi High Court on Tuesday constituted a monitoring committee headed by former Chief Justice of India Sanjiv Khanna to verify genuine homebuyers of the stalled Greenopolis housing project in Haryana’s Gurugram and to streamline the restitution process.
The scope of the committee is to verify and prepare a list of genuine homebuyers of the Greenopolis project regardless of whether such persons have paid money towards purchase of units in the project to Three C Shelters or to Orris Infrastructure, the High Court said.
Justice Anup Jairam Bhambhani passed the order while dealing with pleas by the Enforcement Directorate, Greenopolis Welfare Association (GWA) and Greenopolis Welfare Confederation (GWC) challenging a November 27, 2025 order of a trial court.
The High Court asked the committee to endeavour to complete its work within eight months of its first meeting and submit reports every three months.
“The monitoring committee shall formulate an expeditious and transparent procedure to verify genuine homebuyers and the quantum of payments made by them, cross-referencing the material provided by the Directorate of Enforcement and the homebuyers,” the court said in its 98-page judgment.
The committee will maintain a list of the assets attached by the ED in the PMLA proceedings, including particulars of the claimed owners of the particular assets; the updated status of attachment of each asset, viz., whether any challenge is pending to the attachment of any particular asset and, if so, at what stage and before which forum; and to obtain a valuation of each such asset,” the court ordered.
The dispute relates to the Greenopolis project in Gurugram, developed by Three C Shelters and Orris Infrastructure. Of 1,862 units, 1,650 had been allotted before abandonment. Three C Shelters allegedly collected ₹776.60 crore and Orris collected ₹383.06 crore from homebuyers. The ED argued that ₹214.09 crore was siphoned off to related entities.
The special court, in its November 27, 2025 order had ordered restoration and disposal of properties attached by the ED. The federal agency challenged the order, citing improper identification of beneficiaries and non-compliance with the statutory framework.
The High Court constituted the monitoring committee noting that there were several complexities in the case.
The court made clear that it was not interfering in the ongoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC) and added that the proceedings before the monitoring committee would not affect any rights or entitlements that may be available or accrue to the homebuyers in the CIRP proceedings.
Published – September 30, 2026 01:28 am IST
