Supreme Court notice to ED on realty company promoter’s bail plea in home buyers’ fraud case
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 October 26, 2026, asked the Directorate of Enforcement (ED) for its reaction to Anil Mithas' bail petition in the home buyers' funds misappropriation case. According to the source, Mithas, the promoter of a Noida real estate firm, is accused of diverting homebuyers' money for the Aranya project, leading to money laundering investigations by the agency.
The case involves accusations that Mithas misused funds collected for the Aranya project, prompting money laundering proceedings by the ED. Mithas, who was arrested on April 16, 2025, was initially denied bail by the Allahabad High Court on September 16. The High Court cited the substantial amount involved, amounting to ₹126.30 crore, and the gravity of the alleged offense in its decision.
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