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TL;DR: ED has summoned Jaypee Infratech homebuyers amid alleged diversion of funds under the insolvency resolution plan.
Delhi EOW has filed a parallel FIR; affected buyers should preserve documents, cooperate with lawful summons and seek legal advice.
ED Summons Jaypee Infratech Homebuyers: Key Developments
The Enforcement Directorate (ED) has issued summons to multiple homebuyers of Jaypee Infratech Ltd (JIL) as part of a money‑laundering investigation into alleged diversion of funds under the company’s approved insolvency resolution plan. Investigators have asked homebuyers to submit project status reports and give statements to establish the flow and use of funds linked to stalled housing projects.
What the probe is targeting
Authorities have flagged several transactions they consider prima facie instances of fund diversion, including transfers to ITI group entities and fixed deposits reportedly funded by homebuyer payments and toll revenues from the Yamuna Expressway. The ED’s scrutiny includes: Rs 75 crore to ITI Gold Loans, Rs 25 crore to ITI Housing Finance, Rs 135 crore to ITI Finance, investments of Rs 107 crore into ITI Mutual Fund from proceeds of the Jaypee Healthcare sale, and large fixed deposits placed with banks.
Parallel criminal inquiry
Delhi Police’s Economic Offences Wing (EOW) has registered an FIR based on the ED complaint and has also called homebuyers in a parallel criminal probe. The FIR names companies accused of diverting funds meant for completing stalled projects, invoking sections for criminal breach of trust, cheating and criminal conspiracy. Projects cited include major stalled developments where buyers have waited years for possession.
What homebuyers should do now
If you are a homebuyer affected by the Jaypee Infratech matter, consider these immediate steps:
- Comply with lawful summons and provide accurate project status reports and documents to investigators.
- Preserve all payment receipts, allotment letters, communications and bank statements that can trace funds paid toward your booking or construction charges.
- Coordinate with other buyers to request formation of a monitoring committee at the NCLT or pursue collective legal action to ensure resolution-plan implementation.
- Consult a property-focused legal advisor to evaluate recovery or compensation options and represent you during hearings.
Advice for NRIs and remote investors
Non-resident Indians and remote investors should treat stalled-project risk and fund diversion as part of their due-diligence checklist. For NRIs considering investment or already impacted by such matters, resources like Legal due diligence for NRI property buyers in India and the NRI Realty Edge guide can help clarify documentation, repatriation rules and protective steps to mitigate exposure.
Longer-term investor perspective
High-profile enquiries and stalled projects underline why investors should balance real-estate opportunity with regulatory and execution risk. For actionable frameworks on adapting strategies in the current market cycle, consider reading Future-Proof Your Wealth: Indian Real Estate in 2026 to understand trends and risk-mitigation tactics for the year ahead.
Recording and escalation: practical tips
When interacting with enforcement agencies or police units, remember:
- Be factual and concise in statements; avoid speculation.
- Request copies of any statements you sign and retain legal counsel during questioning if you receive formal notices.
- Work with buyer associations to petition tribunals or courts for faster oversight of the resolution plan implementation.
While investigations progress, transparency from resolution-plan implementers and timely supervision by creditors, tribunals and regulators will be central to protecting homebuyer interests and restoring confidence in affected projects.
Stay informed
Monitor official summons and notices, and ensure documentation is organized for any investigative or legal process. Collective action and informed, timely responses improve the chances of accountability and better outcomes for delayed homebuyers.
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