SRS Group fraud: Court orders ₹281.85 crore assets returned to 12 home buyers
Synopsis
A Gurugram PMLA court has ordered ₹281.85 crore in SRS Group properties returned to 12 home buyers — pushing total restitution in the case to ₹952 crore. With fugitives deported, others declared economic offenders, and charges already framed, the SRS Group case is becoming a template for how India's anti-money laundering machinery can deliver actual relief to defrauded homebuyers.
Key Takeaways
A PMLA Special Judge in Gurugram has ordered restitution of properties worth ₹281.85 crore to 12 genuine home buyers in the SRS Group fraud case.
Restored properties include flats in SRS Royal Hills , SRS City , SRS Pearl Tower , SRS Residency , and other SRS projects.
The SRS Group allegedly defrauded investors and banks of over ₹2,200 crore ; a Provisional Attachment Order of ₹2,215.98 crore was issued by the ED.
Accused Praveen Kumar Kapoor was deported from the US on 2 November 2025 ; Sunil Jindal and Jitender Garg declared fugitive economic offenders on 15 January 2026 .
Total restitution in the SRS Group case now stands at ₹952 crore , covering 2,402 home buyers across both rounds.
A PMLA Special Judge at Gurugram has directed the restitution of immovable properties worth ₹281.85 crore to 12 genuine home buyers in cases linked to the SRS Group fraud, the Enforcement Directorate (ED) confirmed on 18 June. The order marks a significant step in one of Haryana's largest real estate fraud cases, where the group allegedly cheated investors and banks of over ₹2,200 crore.
Orders and Properties Restored
The restitution follows three separate orders by the Special Judge dated 19 May, 4 June, and 11 June. The restored properties span multiple residential projects launched by SRS Group, including SRS Royal Hills Phase-I and Phase-II, SRS City, SRS Pearl Floor, SRS Pearl Tower, SRS Residency, and SRS Prime Floor.
In addition to the homebuyers, the Special Judge directed a share of the Proceeds of Crime (PoC) to be distributed to the Resolution Professional of SRS Real Estate, the ED said.
Scale of the Fraud
The ED launched its investigation on the basis of 81 FIRs registered across police stations in Faridabad, Delhi, and by the Central Bureau of Investigation (CBI). According to the ED, the SRS Group — which operated in real estate and financing — lured investors with promises of high returns on residential and commercial projects. Funds collected were routed through hundreds of shell companies and subsequently laundered.
'The promoters had committed offences of fraud, criminal conspiracy, cheating, and criminal breach of trust for diversion and criminal misappropriation of property, among others, by defrauding homebuyers, plot buyers, banks, and other financial institutions,' the ED stated.
A Provisional Attachment Order of ₹2,215.98 crore was issued in the case. The ED filed a charge sheet on 29 August 2022, which the court took cognisance of on 31 October 2022. Charges were formally framed against the accused on 3 November 2025.
Accused Declared Fugitives, One Deported
Three accused — Praveen Kumar Kapoor, Sunil Jindal, and Jitender Garg — were declared Proclaimed Offenders by the Special Court, prompting the ED to request Interpol Red Corner Notices. Acting on the notice, US authorities denied Praveen Kumar Kapoor entry at Newark International Airport and deported him to India on 2 November 2025.
Sunil Jindal and Jitender Garg were subsequently declared fugitive economic offenders by the court on 15 January 2026.
Cumulative Restitution Now Stands at ₹952 Crore
This latest restitution builds on an earlier round in which the ED restored immovable properties worth ₹670.15 crore to 2,390 genuine home buyers. With the current order, the total value of properties restituted in the SRS Group case has reached ₹952 crore.
The ED described the development as 'a crucial milestone in the pursuit of justice and the enforcement of the rights of investors who have suffered as a result of fraud.' Further restorations to eligible claimants are expected as the case proceeds through the Special PMLA Court.
Point of View
215 crore attachment — signals meaningful progress, but also underscores how much remains unrecovered. The fugitive status of two key accused, Sunil Jindal and Jitender Garg, is a live accountability gap the court and ED have yet to close. India's real estate fraud landscape is littered with cases where homebuyers waited years for relief; SRS is shaping up as a partial counterexample — though the pace of recovery will matter as much as its scale.
NationPress
12 Aug 2026
Frequently Asked Questions
What has the Gurugram court ordered in the SRS Group case?
The PMLA Special Judge at Gurugram has ordered the restitution of immovable properties worth ₹281.85 crore to 12 genuine home buyers in the SRS Group fraud case. The orders were passed across three separate dates — 19 May, 4 June, and 11 June — and also direct a share of the Proceeds of Crime to the Resolution Professional of SRS Real Estate.
What is the SRS Group fraud case about?
The SRS Group, which operated in real estate and financing, allegedly cheated homebuyers, plot buyers, banks, and financial institutions of over ₹2,200 crore. The ED investigated the group on the basis of 81 FIRs and found that investor funds were routed through hundreds of shell companies and laundered.
How much has been restituted to home buyers in total?
The total value of properties restituted in the SRS Group case now stands at ₹952 crore. An earlier round restored properties worth ₹670.15 crore to 2,390 home buyers, and the latest order adds ₹281.85 crore for 12 more claimants.
Who are the accused in the SRS Group case and what is their status?
Three key accused — Praveen Kumar Kapoor, Sunil Jindal, and Jitender Garg — were declared Proclaimed Offenders. Praveen Kumar Kapoor was deported to India from the US on 2 November 2025 after being denied entry at Newark International Airport based on an Interpol Red Corner Notice. Sunil Jindal and Jitender Garg were declared fugitive economic offenders by the court on 15 January 2026.
Which SRS Group projects are covered by the restitution order?
The restored properties include flats in SRS Royal Hills Phase-I and Phase-II, SRS City, SRS Pearl Floor, SRS Pearl Tower, SRS Residency, and SRS Prime Floor — all residential projects launched by SRS Group.
