Tag: AllahabadHighCourt

  • Supreme Court Orders Interim Stay on Allahabad HC’s ED Probe Order for Noida Housing Project

    In a significant legal development, the Supreme Court has issued an interim stay on the Allahabad High Court's directive for an Enforcement Directorate (ED) probe into alleged financial irregularities surrounding Noida's luxury housing project, Lotus 300. The Supreme Court's decision to halt the ED investigation into Lotus 300, located in Noida's Sector 107, comes amidst ongoing scrutiny over incomplete projects and financial transparency in the real estate sector. This interim stay marks a pivotal moment in the legal saga surrounding Lotus 300, reflecting judicial scrutiny over the enforcement of regulatory actions amidst allegations of financial impropriety. Stakeholders and the public alike await further developments as the Supreme Court's intervention temporarily suspends the ED's probe, impacting the trajectory of regulatory oversight in Noida's real estate landscape.