Emaar accuses MGF and Shravan Gupta of fraudulent and illegal transfers of land parcels

Emaar India Limited, a subsidiary of world renowned global real estate company Emaar Properties, Dubai, recently cautioned public against dealing with MGF Group, its promoter Mr. Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi. This land was valued at nearly INR 5 billion in 2008 and may be currently valued much higher.

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Emaar accuses MGF and Shravan Gupta of fraudulent and illegal transfers of land parcels

Emaar India Limited, a subsidiary of world renowned global real estate company Emaar Properties, Dubai, recently cautioned public against dealing with MGF Group, its promoter Mr. Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi. This land was valued at nearly INR 5 billion in 2008 and may be currently valued much higher.

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Your email address will not be published. Required fields are marked *

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.

Emaar has also issued a public notice to this effect. The public notice elaborates that Emaar has approached the National Company Law Tribunal (NCLT) alleging illegal conduct by Mr Shravan Gupta and MGF Group, causing losses of properties and funds to Emaar India Ltd (previously, Emaar MGF Land Ltd).

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Your email address will not be published. Required fields are marked *

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.

Emaar has also issued a public notice to this effect. The public notice elaborates that Emaar has approached the National Company Law Tribunal (NCLT) alleging illegal conduct by Mr Shravan Gupta and MGF Group, causing losses of properties and funds to Emaar India Ltd (previously, Emaar MGF Land Ltd).

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Your email address will not be published. Required fields are marked *