The Enforcement Directorate has accused Experion Developers of misusing the Insolvency and Bankruptcy Code. The agency claims Experion improperly acquired land in Gurugram's Sector 62. Experion allegedly manipulated the committee of creditors to approve a resolution plan. The ED has asked the National Company Law Tribunal to recall its order. Experion denies the allegations, stating debt assignments were legitimate.
ED accuses Experion Developers of misusing IBC rules in land deal
