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Chennai-based VGP group's three partnership firms ordered to be dissolved

May 24, 2021
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An interim award was given by Arbitrator Justice K Kannan (Retd), who was appointed by the Madras High Court
Three partnership firms – VG Panneerdas & Company; VGP Investments and VGP Beach Housing – belonging to the famous Chennai-based VGP group have been ordered to be dissolved by an interim award given on March 18, 2021, by Arbitrator Justice K Kannan (Retd), who was appointed by the Madras High Court.
A public notice issued by five partners – VG Selvaraj; VGP Prasad Das; VGP Murphy Das; VGS Rajesh and VGS Vinodh Raj – said that P Rajagopal, Advocates, has been appointed as the receiver by the Arbitrator to take charge of all the assets of the three firms. These are VGP Golden Beach Resorts; VGP Agro Farms Pvt Ltd; VG Paneerdas & Company Pvt Ltd; VGP Housing Pvt Ltd and VGP Marine Kingdom Pvt Ltd. ....

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ED attaches assets of `281cr in case tied to Hooda | India News

Former Haryana CM Bhupinder Singh Hooda
NEW DELHI: : In a Gurgaon land grab and money laundering case worth over Rs 1,500 crore, the ED on Tuesday attached properties worth over Rs 281 crore. The total attachment in the case, in which former CM Bhupinder Singh Hooda is one of the accused, has crossed Rs 390 crore.
Three chargesheets have also been filed in the case so far. The land scam in Manesar, Gurgaon is related to an acquisition order issued by the Haryana government in 2005 when Hooda was CM. The notification was issued for acquisition of 912 acres for setting up a model industrial township in Manesar and villages in Gurgaon. “A large number of land owners, in haste, had to sell about 400 acres at throwaway price to private builders and thereby caused a wrongful loss of Rs 1,500 crore to the land owners,” an ED official said. It claimed the land was later “freed from compulsory acquisition by the state government as a result of conspiracy by politicians, bure ....

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