Thousands Defrauded. Assets Attached. Now Is the Time to Act.

Recent developments have exposed one of the largest real estate frauds in India, allegedly perpetrated by Ashish Bhalla and group companies operating under the WTC (World Trade Center) brand. Promising assured returns and high-quality commercial space, these ventures collected over ₹3,500 crore from unsuspecting investors across India and defrauded more than 12,000 Investors.

Following multiple FIRs and an investigation by enforcement agencies, the Enforcement Directorate (ED) has arrested Ashish Bhalla and provisionally attached assets worth ₹2,348 crore under the Prevention of Money Laundering Act (PMLA).

If you are among those who:

• Paid for a WTC project unit but never got possession,
• Were promised monthly returns or assured buyback,
• Hold builder-buyer agreements or MoUs that were never honoured,
• Are now left without clarity on how to recover your money

YOU MAY HAVE STRONG LEGAL GROUNDS TO INITIATE PROCEEDINGS UNDER INDIAN LAW.

Legal Remedies:

🔹 INITIATE AN INSOLVENCY PETITION BEFORE NCLT

Under the Insolvency and Bankruptcy Code (IBC), 2016, creditors, including aggrieved homebuyers and investors, can file for corporate insolvency against the WTC entities to seek repayment and recovery from available assets.

🔹 FILE A CLAIM IN THE PMLA TRIBUNAL

The PMLA Adjudicating Authority allows legitimate victims to submit claims against provisionally attached assets. If you can establish that your funds were part of the misappropriated amounts, you may be eligible to seek recovery from the attached properties.

Why Act Now?

• The ED has already begun the process of liquidating attached properties.
• Delay in filing your claim could weaken your right to recover your investment.
• Group legal strategies can help strengthen claims and increase efficiency.