The tiff between global real estate developer Emaar Properties and its erstwhile joint venture partner MGF Developments is set to grow with the latest National Company Law Tribunal (NCLT) directive restraining the Indian developer from creating any third-party rights on a land parcel in Gurgaon till further orders.

Emaar has received this NCLT order against the developer in response to a case related to the main petition that accused MGF Developments, its chairman Shravan Gupta and his wife Shilpa Gupta of siphoning off funds and fraudulent activities.

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The tiff between global real estate developer Emaar Properties and its erstwhile joint venture partner MGF Developments is set to grow with the latest National Company Law Tribunal (NCLT) directive restraining the Indian developer from creating any third-party rights on a land parcel in Gurgaon till further orders.

Emaar has received this NCLT order against the developer in response to a case related to the main petition that accused MGF Developments, its chairman Shravan Gupta and his wife Shilpa Gupta of siphoning off funds and fraudulent activities.

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Your email address will not be published.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

The tiff between global real estate developer Emaar Properties and its erstwhile joint venture partner MGF Developments is set to grow with the latest National Company Law Tribunal (NCLT) directive restraining the Indian developer from creating any third-party rights on a land parcel in Gurgaon till further orders.

Leave a Reply

Your email address will not be published.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

The tiff between global real estate developer Emaar Properties and its erstwhile joint venture partner MGF Developments is set to grow with the latest National Company Law Tribunal (NCLT) directive restraining the Indian developer from creating any third-party rights on a land parcel in Gurgaon till further orders.

Leave a Reply

Your email address will not be published.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