NEW DELHI: Supreme Courtroom has praised the restitution of flats to not less than 213 homebuyers who had waited for greater than 12 years to get possession of properties that they had paid for.The restituted properties are a part of 354 flats, 17 business items and two plots in Royal Rajvilas mission in Udaipur — collectively value over Rs 175 crore — restored by Enforcement Directorate to victims of a ‘rip-off’ by which promoter tasks had allegedly swindled over Rs 1,267 crore of Syndicate Financial institution, now Canara Financial institution.SC lauded ED for serving to the homebuyers. The company had hooked up Royal Rajvilas after the mission obtained entangled in a number of circumstances of fraud, dishonest and cash laundering. ED later approached Rajasthan HC, and subsequently, the apex courtroom looking for to withdraw its attachment partially and restore the properties to the fraud victims.“We place on report our appreciation for the efforts made by the realized counsels for events and ED in restoring the hooked up properties to safe the pursuits of real and harmless homebuyers,” an SC bench of Justices Sanjay Kumar and Alok Aradhe stated.ED verified the small print of 221 homebuyers and submitted ‘no objection’ in restitution of the properties to homebuyers, besides in case of eight, which have been marked as beneficiaries of “proceeds of crime”.The restitution will assist the 213 homebuyers who had been in throes of tension due to protracted litigation of over seven years between the profitable decision applicant Udaipur Leisure World Pvt Ltd. and ED. SC has, nonetheless, clarified that it has handed the order on the peculiar details of the case with out going into the deserves, and so it shall not be handled as a precedent and questions of legislation shall stay open to be determined. in an applicable case.