A Delhi court delivered a key verdict, granting regular bail to JP Infratech’s ousted CMD Manoj Gaur amid accusations of embezzling billions from homebuyers. Rouse Avenue Court’s order also freed Samir Gaur and Sunil Sharma, tied to CBI charges over undelivered Noida projects.
Thousands poured Rs 14,599 crore into JP Wish Town and JP Greens, expecting homes but receiving delays and excuses. Instead, funds flowed to JP affiliates in healthcare, sports, and trusts, as per ED findings that led to Gaur’s arrest and asset freezes.
Sparked by buyer fury, EOW FIRs in Delhi-UP snowballed into ED’s laundering case. The agency’s January attachment of Rs 400 crore properties underscored the financial web. CBI’s charge sheet paved the way for today’s bail, though ED custody persists.
This split outcome reflects enforcement challenges in complex frauds. For buyers, it’s a reminder of risks in advance-payment models, fueling calls for stricter RERA oversight. JP’s downfall mirrors industry woes, with promoter ambitions clashing against buyer rights.
As litigation drags, the focus shifts to recovery: Can courts enforce project revival or payouts? Gaur’s bail might ease personal pressure but won’t erase the human cost of stalled dreams.