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The SPV was promoted by Ahuja Hive, now known as Hive Carbon-Zero Developers, for the development of a project in Mumbai’s Jogeshwari suburb, and has been controlled and managed by Chinese group Fosun since 2022.
The project was initially redeveloped by Snehanjali and SB developers, and the flat was expected to be delivered by June 2022.
The Hindi remake of the Spanish show ‘Elite’is out on Netflix.
The accused had reportedly taken the loan and handed over a cheque that bounced due to insufficient funds.