Emaar MGF

The attached properties, spanning 401.65 acres in Gurugram and Delhi, are linked to an ongoing investigation into fraudulent land acquisitions

On a Gurugram court's direction, police here have booked UAE-based realtor company Emaar Properties PJSC, its Indian subsidiary Emaar India and 13 others for allegedly cheating its former business partner MGF through undervaluation of land and other offences. Emaar India, in a statement, denied any "association of criminality with this issue" and alleged that it "appears to be nothing but another attempt by MGF to further harass Emaar and its employees. Following an order by Chief Judicial Magistrate Ramesh Chander on November 18, the FIR was registered on November 20 against EMAAR Properties PJSC and its Indian subsidiary, Emaar India Ltd, its director Bharat Bhushan Garg and others, the police said. The case was registered under various sections including 406 (criminal breach of trust), 418 (cheating with knowledge), 471 (using forged document), 120-B (criminal conspiracy) and 506 (criminal intimidation) of the IPC at the Sector 29 police station, they said. According to the ..

MGF Developments Ltd has filed an FIR against officials of its erstwhile joint venture partner Emaar India, including Emaar Properties Group CEO, Amit Jain

Emaar has alleged that MGF's promoter Shravan Gupta and other associates are attempting to sell the land, valued over Rs 500 crore

The respondent shall reduce prices to be realised from buyers of the flats, the NAA said

The National Anti Profiteering Authority has ruled that the realty firm has benefited from additional input tax credit

The petition under section 37 A (2) was filed before competent authority with an appeal to confirm the seizure order

The reality firm CFO Sanjay Malhotra will act as chief executive