The High Court of Karnataka (the southern Indian state's principal judicial body) has dismissed petitions seeking to quash criminal and money laundering proceedings against Bengaluru-based real estate firm Ozone Urbana Infra Developers and its promoters, who stand accused of collecting large advances from homebuyers and diverting funds away from promised construction projects. Justice M. Nagaprasanna upheld Enforcement Directorate (ED) proceedings, including the provisional attachment of assets worth ₹423.38 crore (approximately $51 million), noting that allegations of collecting payments, failing to deliver properties, and in some cases reselling the same flats to other buyers went "far beyond the realm of a mere contractual default." The case is significant given that the ED alleges over ₹927.22 crore was collected from more than 1,351 homebuyers, with a substantial portion allegedly siphoned to group companies and personal accounts, and a separate CBI investigation — ordered by India's Supreme Court — is examining a purported collusive arrangement between the firm and a housing finance lender.