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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 lan...

Emaar alleges 'fraud'; issues warning against ex-partner MGF Both companies said their joint venture Emaar MGF Land is going through insolvency proceedings at NCLT. Its outcome is going to have a direct bearing on land concerned BusinessToday.In | January 19, 2021 | Updated 15:32 IST Emaar India Ltd (EIL), the Indian unit of Dubai-based Emaar Properties PJSC, in a public notice issued on Monday, warned people against dealing with its former partner MGF Group regarding 4.8 acre land in Okhla area of Delhi. The public notice has been issued jointly by Emaar properties PJSC, Emaar holding and E...

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 ...