The Supreme Court has transferred the money-laundering case involving real estate developer Amit Katyal from a special Prevention of Money Laundering Act (PMLA) court in Gurugram to the Special PMLA Court at the Saket Court Complex in Delhi. The case is linked to allegations of cheating homebuyers in a housing project in Gurugram and the alleged diversion of funds collected from buyers.
A bench comprising Chief Justice of India Surya Kant and Justice Joymalya Bagchi passed the order while hearing Katyal’s plea seeking the transfer of the proceedings. The Court directed that the prosecution continue in Delhi from the stage at which the case is currently pending in Gurugram.
The bench observed that both Delhi and Gurugram have jurisdiction over the matter. While the alleged proceeds of crime were generated in Gurugram, part of the offence under the Prevention of Money Laundering Act was connected to the concealment of attached assets in Delhi. As a result, the Court held that transferring the case to Delhi was legally permissible.
The Enforcement Directorate (ED) arrested Amit Katyal in November 2025 in connection with the money-laundering investigation. The case relates to the Krrish Florence Estate residential project, spread across 14 acres in Gurugram’s Sector 70, which was being developed by Angle Infrastructure Private Limited.
According to the ED, the company allegedly began collecting money from prospective homebuyers before obtaining the required licence from the Haryana Directorate of Town and Country Planning (DTCP). The agency claims that this led to the generation of alleged proceeds of crime amounting to around ₹300 crore.
The investigation also alleges fraudulent bookings in a project intended for central government employees, diversion of funds to purposes unrelated to the project, and actions that contributed to delays in delivering homes to buyers. The ED further alleges that nearly two acres of licensed land, valued at around ₹130 crore, were transferred to third parties at undervalued rates during insolvency proceedings.
In addition, the agency has alleged that loans obtained from a public sector bank were diverted through fraudulent transactions, resulting in an estimated loss of ₹80 crore to the lender.
Separately, the ED filed a chargesheet against Katyal in August 2025 in another case, alleging that homebuyers were cheated of nearly ₹500 crore through Krrish Realtech, where he is a promoter.
The transfer of the case to Delhi is a procedural decision by the Supreme Court regarding the appropriate jurisdiction for the ongoing PMLA proceedings. The allegations against Amit Katyal remain under judicial consideration, and the trial will continue before the designated Special PMLA Court in Delhi.
Image- sci.gov.in
