A court in Delhi’s Saket has issued notice on an application seeking registration of an FIR and stringent action against the promoters of the Gurgaon-based commercial project “32nd Milestone,” including freezing of bank accounts, forensic audit of finances, suspension of passports, and issuance of Look Out Circulars.

The order was passed on Thursday by Judicial Magistrate First Class Devanshi Janmeja, who directed the police to file an Action Taken Report. The matter has been posted for further hearing on March 13, 2026. The application was moved by investor Arvind Gupta, who has accused the project entities of financial irregularities, cheating, and diversion of funds. The plea seeks action against M/s 32nd Vistas Private Limited, Growth Hospitality LLP, and their promoters, including Dhruv Dutt Sharma, Shirin Sharma, Mamta Sharma, and others, alleging large-scale fraud and mismanagement of investors’ money.

According to the complaint, the investor purchased a commercial unit in the project after being assured demarcation, guaranteed lease rentals for 30 years, and a buyback option. A leasing agreement was executed promising regular monthly rental income. However, lease payments allegedly stopped from August 2025. It is further claimed that TDS was not deposited from September 2024 and that there were defaults in GST payments, statutory filings, and employee contributions such as ESI and PF.

The complainant has alleged that investors were misled through false assurances and fabricated TDS certificates. The plea also claims that possession was not handed over and suggests the possibility of units being sold to multiple buyers. Serious allegations of fund diversion and siphoning have been raised, with claims that dues remain unpaid despite rental income from operational outlets.

The application also refers to protests by investors, closure of project offices, disconnection of utilities, and the promoters allegedly becoming untraceable. It seeks investigation into promotional spending involving celebrity endorsements, without making allegations against the public figures named. Taking note of the allegations, the court has asked police to submit a detailed status report. Separately, Gurgaon Police have recently registered FIRs linked to 32nd Avenue following investor protests over unpaid dues.