India, March 25 -- In a major law enforcement action, the Economic Offences Wing (EOW), Delhi Police on Monday registered a case under Sections 420 and 120B of the Indian Penal Code, 1860 against M/s Experion Developers Private Limited (EDPL), M/s Experion Capital Private Limited (ECPL), and others, following a formal complaint filed by the Directorate of Enforcement (ED), under Prevention of Money Laundering Act, 2002.

The FIR, registered at the Economic Offences Wing, PS Mandir Marg, New Delhi, arises from what the ED has characterised as a systematic manipulation of the Corporate Insolvency Resolution Process (CIRP) of M/s Dignity Buildcon Private Limited (DBPL) - a company owning approximately 27.86 acres of prime land in Sector 62, ...