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A Delhi court has sought an action-taken report from police on a plea alleging cheating, fund diversion and financial irregularities in connection with the Gurugram-based 32nd Milestone commercial project, PTI reported.Judicial Magistrate Devanshi Janmeja issued notice on the application on February 5 and directed police to file an action-taken report. The matter is scheduled for further hearing on March 13.The application was allegedly filed by investor Arvind Gupta, a senior citizen, who has accused the promoters and associated entities of cheating, forgery, criminal conspiracy and criminal intimidation.The plea names 32nd Vistas Private Limited, Growth Hospitality LLP and their promoters, including Dhruv Dutt Sharma, Shirin Sharma and Mamta Sharma.
It seeks directions for registration of an FIR, freezing of bank accounts, attachment of assets, forensic audit of finances, suspension of passports and issuance of look-out circulars.According to the complaint, Gupta purchased a commercial unit in the project after being assured that the area would be demarcated soon. The promoters allegedly offered guaranteed lease rentals for 30 years along with a buyback option at any stage.
A long-term lease agreement was executed with assurances of regular monthly rental income, the plea stated.The complainant alleged that lease-rental payments stopped from August 2025. It further claimed that promoters failed to deposit Tax Deducted at Source (TDS) from September 2024 and defaulted on Goods and Services Tax (GST) dues, statutory filings and employee-related contributions such as ESI and PF, causing losses to investors, employees and the public exchequer.The plea alleged that investors were repeatedly told that rentals and TDS amounts were credited but were not reflecting due to “technical issues”, which later turned out to be false. It also claimed that fabricated TDS certificates were circulated among investors despite no such deposits appearing in official records.When investors sought demarcation, possession of units or invoked the buyback option, the promoters allegedly expressed inability to hand over possession, raising concerns that the same units may have been sold to multiple buyers.The plea also raised allegations of diversion and siphoning of funds. It claimed that despite earning rental income from operational restaurants and commercial establishments in the project, dues of investors, employees, financial institutions and statutory authorities were not cleared. It further alleged that substantial borrowings were raised and misused.The application also stated that protests were held outside the project premises, offices were allegedly shut and utilities such as electricity and water disconnected due to non-payment of dues, while promoters were claimed to be untraceable.The plea also sought investigation into expenditure on promotional campaigns and endorsements involving public figures. It clarified that no allegations have been made against any celebrity and the request is limited to examining the source of funds used for such promotions.Separately, Gurugram Police recently registered FIRs against the owner and certain officials linked to 32nd Avenue, a retail-and-entertainment hub, following protests by investors over alleged non-payment of promised amounts.
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