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M S Sahoo explains achievements, evolution, and challenges of the IBC

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Emaar India Issues Public Notice Of NCLT, Cautions Public Against Dealing In Okhla Land

Emaar India issues public notice of NCLT, cautions public against dealing in Okhla land
One of the key allegations described in the NCLT proceedings is fraudulent siphoning of a land parcel of approximately 4.88 acres in Okhla, Delhi from Emaar MGF to MGF Group.
January 18, 2021 / 03:11 PM IST
Emaar Properties PJSC, Dubai, and MGF Developments have said that their joint venture Emaar India is going through the National Company Law Tribunal (NCLT) proceedings.
In a public notice of the tribunal proceedings, Emaar India (incorporated on February 18, 2005) said its day-to-day management was with MGF Group led by Shravan Gupta, and control was passed to Emaar Properties on May 23, 2016. ....

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