India, May 28 -- The Supreme Court on Wednesday sought a response from the Centre and the Enforcement Directorate (ED) on a petition seeking time-bound completion of the probe into the alleged money laundering by the Jaypee group and ensuring that the proceeds of crime recovered are utilised to complete the pending housing projects.

A bench headed by Chief Justice of India (CJI) Surya Kant issued notice on a petition filed by one Vandana Sabharwal, a homebuyer in a Jaypee project, who even sought a direction to the Reserve Bank of India to conduct an audit of all banks that extended credit facilities for the Jaypee projects.

The bench, also comprising justices Joymalya Bagchi and Vipul M Pancholi, issued notice on the petition and poste...