ED seizure of Gurgaon property under FEMA challenged alongside rejection of overseas-investment nod
The Enforcement Directorate seized a property in Gurgaon under Section 37A of FEMA over suspected holding of foreign securities. It also rejected a request for no-objection to invest USD 100 million in an overseas-linked entity. The High Court order dated 16 September 2026 records both actions and the writs challenging them.
This page records what the cited court, tribunal and government records say happened. Findings belong to the court or authority that made them; this register adds none of its own. Names of private individuals are withheld unless a naming gate clears them.
How we verify →Seizure stands while the writs challenging the seizure and the NOC rejection are before the High Court.
What happened
The High Court recorded that the petitioner company owns property situated in DLF City, Phase No.V, Sector 53, Gurgaon, Haryana 122022, seized under Section 37A of the FEMA.
The Court recorded that an order bearing No.1 of 2026 seizing the property of the petitioner came to be passed on 03.02.2026 by the Assistant Director, ED.
The Court recorded that the alleged contravention relates to an NCD transaction in March 2015 suspected to have been held in contravention of Section 4.
The Court recorded that on 26.11.2025 the company sought no-objection under Rule 10 of the OI Rules for investment of USD 100 million in a Gift City entity, and on 13.01.2026 the Assistant Director rejected the NOC application.
What the record says
“vide order bearing No.1 of 2026, seizing the property of the petitioner”
[name withheld] Pvt Ltd vs The Assistant Director, WP No. 16763/2026 and WP No. 7283/2026, order dated 16.09.2026 — read the full text
A peaceful economic act
Holding capital abroad and moving money for investment involves no complaining victim; the state seized property and blocked the investment under FEMA alone.
What we could not confirm
Final outcome of the writs was not visible in the pages opened; no fraud, bribery or other predicate crime was mentioned in the excerpts.