« Géographie de l intime » le pont qui connecte histoires et sensibilités différentes letemps.com.tn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from letemps.com.tn Daily Mail and Mail on Sunday newspapers.
Emaar accuses former partner MGF, Shravan Gupta of fraudulent transfer of land parcels
SECTIONS
Share
Synopsis
The public notice elaborates that Emaar has approached National Company Law Tribunal (NCLT) alleging illegal conduct by Shravan Gupta and MGF Group, causing losses of properties and funds to Emaar India, previously Emaar MGF Land.
(Representational image)
MUMBAI: Dubai-based realty developer Emaar Properties’ subsidiary Emaar India has cautioned public against dealing with its erstwhile joint venture partner MGF Group, its promoter Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi. Emaar has also issued a public notice to this effect.
Emaar accuses MGF of trying to illegally transfer land parcels
By IANS |
Published on
Fri, Jan 22 2021 15:51 IST |
0 Views
New Delhi, Jan 22 : Emaar India Ltd. on Friday accused MGF Group and its Chairman Shravan Gupta of trying to illegally transfer a land parcel in Okhla.
In a statement, Emaar cautioned against dealing with MGF Group, Gupta and associates in respect of the land parcel which was valued at nearly Rs 500 crore in 2008 and may be valued much higher now.
Emaar has also issued a public notice to this effect. We were informed by credible sources that MGF was likely to deal with the Okhla land parcel. We wanted to caution the public against dealing with MGF Group, SSP Buildcon Private Limited, Shravan Gupta, Shilpa Gupta or any of their associates/related entities or persons, it said.
Emaar accuses MGF and Shravan Gupta of fraudulent and illegal transfers of land parcels
Emaar India CEO Ajay Munot resigns from the company; Hadi Badri, who heads Emaar s international business, to manage the company until further notice.
A logo of Dubai s Emaar Properties is seen at an under-construction building in Dubai, UAE, March 3, 2016. REUTERS/Ahmed Jadallah/File Photo - RTX2AIDV
Emaar India Ltd, subsidiary of Dubai-based real estate developer Emaar Properties, has cautioned public against dealing with MGF Group, its promoter Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi.
This land was valued at nearly Rs 5 billion in 2008 and may be currently valued much higher, the company said in a statement.