Emaar MGF Plot Mohali Hills | Emaar Possessionable Plot | Emaar MGF Plot Price
Emaar MGF Land Limited - Red Herring Prospectus · 2018. 8. 16. · Emaar group Emaar and companies...
Transcript of Emaar MGF Land Limited - Red Herring Prospectus · 2018. 8. 16. · Emaar group Emaar and companies...
-
641
2. If the Company fails to pay the debenture coupon for an interest period on its due date, interest accrues on such unpaid sum from the due date up to the date of actual payment at a rate which is 2% p.a. in addition to the debenture coupon.
3. The FCDs are convertible into RPS on the respective conversion dates or upon demand by the
Subscriber upon or after the occurrence of a specified event of default. 4. The FCDs are to be converted into such number of RPS such that the Subscriber receives RPS with
an aggregate nominal value equal to the respective Issuance Amount and the conversion premium for such FCDs. The conversion premium for (i) Series 1 FCDs is an amount equal to 20.23% of the Series 1 Issuance Amount, (ii) Series 2 FCDs is an amount equal to 20.56% of the Series 2 Issuance Amount, and (iii) Series 3 FCDs is an amount equal to 20.56% of the Series 3 Issuance Amount.
5. Upon conversion of the FCDs on demand of the Subscriber upon or after the occurrence of an
event of default, the Subscriber is entitled to receive the RPS, with an aggregate value equivalent to the respective Issuance Amounts and an amount sufficient to yield to the Subscriber a specified annual rate of return (the “Rate of Return”). The Rate of Return with respect to (i) Series 1 FCDs is 8.65% on the Series 1 Issuance Amount, (ii) Series 2 FCDs is 8.80% on the Series 2 Issuance Amount, and (iii) Series 3 FCDs is 8.80% on the Series 3 Issuance Amount, calculated on the actual number of days elapsed from the date of completion until the date of conversion. In addition, the Subscriber is also entitled to receive a default interest of 2% p.a. calculated on the actual number of days elapsed from the date of completion until the date of conversion.
6. The FCDs are non-marketable, i.e., not capable of being sold on a recognised stock exchange in
India or the United Kingdom. However, the FCDs may be transferred or assigned by the holder of the FCDs with the prior approval of the Company.
7. The holder of FCDs may require that the FCDs be redeemed at the “debenture redemption price”
upon the occurrence of a specified event of default. The “debenture redemption price” is an amount (to be paid in US$) equal to the sum of (i) the respective Issuance Amounts and (ii) the specified Rate of Return for such FCDs, and reduced by any debenture coupon amount received by the holder in respect of the FCDs so redeemed.
Characteristics of RPS
The key terms of the RPS are set forth below:
1. The holders of RPS are entitled to preferential dividend of 9% p.a. payable on the RPS for the period commencing on and including the date of conversion up to and including the date of redemption of the RPS.
2. The Subscriber is entitled to redeem the RPS at the debenture redemption price on the specified
RPS redemption date or upon the occurrence of an event of default. The Company is required to redeem the RPS at their face value together with all accrued and unpaid dividends. If the Company fails to redeem the RPS at the debenture redemption price on the due date, interest will accrue on such unpaid sum from the due date up to the actual date of payment at a rate of 2% p.a. in addition to the RPS dividend.
3. The RPS may be transferred or assigned by the holders of RPS with the prior approval of the
Company. 4. The holders of RPS are entitled to vote together with the other preference shareholders on any
question upon which the holders of preference shares have a right to vote. Issue of Debentures to Citibank International Plc aggregating US$150 million Pursuant to a Subscription Agreement dated April 20, 2007 (the “Citibank Agreement”), the Company in April 2007 issued 62,955 fully convertible debentures to Citibank International Plc, a company incorporated under the laws of United Kingdom (“Citibank”), for an aggregate consideration of Rs.6,295.5 million, which was the rupee equivalent of US$150 million (the “Issuance Amount” and such debentures, the “Citibank FCDs”). The Citibank FCDs are convertible into redeemable cumulative preference shares of the Company (the “Citibank RPS”).
-
642
The key terms of the Citibank Agreement are set forth below: 1. Under the Citibank Agreement, the Company has undertaken to use the Issuance Amount only
towards general corporate purposes and projects which are in compliance with the applicable law. 2. The Company has agreed to bear all taxes levied in connection with the Citibank FCDs, Citibank
RPS and the Citibank Agreement. 3. Prepayments of principal amounts are not permitted under the Citibank FCDs or the Citibank RPS. 4. The Company has agreed to indemnify Citibank and its officers, employees, directors and agents
harmless from and against any and all direct and actual losses that may be suffered by such party in connection with any material misrepresentation, breach of any warranties or covenants made by the Company.
5. At any time prior to the conversion of all the Citibank FCDs and prior to the redemption of all the
Citibank RPS, the Company has agreed to supply certain information to the Subscriber, including notifying the Subscriber, on a quarterly basis, of any new projects commenced, or diversification, modernisation or substantial expansion of any of the Company’s existing projects and providing the audited consolidated and unconsolidated annual accounts and unaudited consolidated and unconsolidated accounts of the Company.
6. Under the Citibank Agreement, the Company has, inter alia, covenanted as follows:
i. The Company will not, without the prior written consent of Citibank, (i) enter into any amalgamation, demerger, merger or corporate reconstruction; (ii) change the general nature or scope of its business; (iii) enter into any contract or agreement with, whether or not in the ordinary course of business, any affiliates, related party or group companies, other than on a commercial basis and on terms no less favourable to the Company than those that the Company would have obtained had the Company entered into any contract or agreement with any other party; (iv) declare or pay any dividend or other distribution on any class of its shares, except for any existing redeemable cumulative preference shares of the Company or any preference shares issued by the Company; or (v) reduce, return, purchase, repay, cancel or redeem any of its share capital, except for the redemption of any existing redeemable cumulative preference shares of the Company or the Citibank RPS.
ii. The Company will ensure that the ratio of total debt to net worth at the end of two financial quarters will not be greater than 1.3:1.
7. Certain events constitute events of default under the Citibank Agreement, including if the
Company commits any default under any other loan agreement, provided that the aggregate value of such default is at least Rs.500 million.
8. The Citibank Agreement terminate inter alia upon the conversion of all the Citibank FCDs into
Citibank RPS or redemption of the Citibank FCDs, and if the Citibank FCDs are converted into Citibank RPS, upon the final and irrevocable redemption of all the Citibank RPS.
9. The Company is not permitted to cancel or redeem the Citibank FCDs or the Citibank RPS, as the
case may be, without the consent of Citibank. Characteristics of the Citibank FCDs
The key terms of the Citibank FCDs are set forth below: 1. The holder of Citibank FCDs are entitled to a coupon payment of 13.48% p.a. on the Citibank
FCDs for each interest period (i.e., a period of six months), until the conversion date or redemption in full of the Citibank FCDs, in accordance with the terms of the Citibank Agreement.
2. If the Company fails to pay the debenture coupon for an interest period on its due date, interest
accrues on such unpaid sum from the due date up to the date of actual payment at a rate which is 2% p.a. in addition to the debenture coupon.
-
643
3. The Citibank FCDs are non-marketable, i.e., not capable of being sold on a recognised stock exchange in India or the United Kingdom. However, the Citibank FCDs may be transferred or assigned by the holder of the Citibank FCDs with the prior approval of the Company.
4. The Citibank FCDs are convertible into Citibank RPS on the conversion date or upon demand by
Citibank upon or after the occurrence of a specified event of default. 5. The Citibank FCDs are to be converted into such number of Citibank RPS such that Citibank
receives Citibank RPS with an aggregate nominal value equal to the Issuance Amount. If the conversion take place prior to the expiry of 38 months from the date of completion upon demand by Citibank upon or after the occurrence of a specified event of default, Citibank is entitled to receive Citibank RPS with an aggregate nominal value equal to (i) the Issuance Amount, (ii) an amount sufficient to yield to Citibank an annual rate of return of 13.48% on the Issuance Amount, calculated on the basis of the actual number of days elapsed from the date of completion until the date of conversion (“Rate of Return”), and (iii) a default interest of 2% p.a. calculated on the basis of the actual number of days elapsed from the date of completion until the date of conversion.
6. The holder of Citibank FCDs may require that the Citibank FCDs be redeemed at the “debenture
redemption price” upon the occurrence of a specified event of default. The “debenture redemption price” is an amount (to be paid in US$) equal to the sum of (i) the Issuance Amount and (ii) the specified Rate of Return for such Citibank FCDs, and reduced by any debenture coupon amount received by the holder in respect of the Citibank FCDs so redeemed.
Characteristics of Citibank RPS
The key terms of the Citibank RPS are set forth below:
1. The holders of Citibank RPS are entitled to preferential dividend of 13.48% p.a. payable on the Citibank RPS for the period commencing on and including the date of conversion up to and including the date of redemption of the Citibank RPS.
2. Citibank is entitled to redeem the Citibank RPS at the debenture redemption price on the specified
Citibank RPS redemption date or upon the occurrence of an event of default. The Company is required to redeem the Citibank RPS at their face value together with all accrued and unpaid dividends. If the Company fails to redeem the Citibank RPS at the debenture redemption price on the due date, interest will accrue on such unpaid sum from the due date up to the actual date of payment at a rate of 2% p.a. in addition to the Citibank RPS dividend.
3. The Citibank RPS may be transferred or assigned by the holders of Citibank RPS with the prior
approval of the Company. 4. The holders of Citibank RPS are entitled to vote together with the other preference shareholders on
any question upon which the holders of preference shares have a right to vote. Issue of Debentures to Prudential ICICI Trust Limited A/c Liquid Plan aggregating Rs.2,500 million On June 27, 2007, the Company issued 2,500 secured, redeemable non-convertible debentures of Rs.1,000,000 each (“NCDs”) to Prudential ICICI Trust Limited A/c Liquid Plan (“Prudential ICICI”) for an aggregate consideration of Rs.2,500 million, the details of which are set forth below:
Series
Sub-category
Number of Debentures
Debenture Amount (Rs. in million)
Redemption Date
I A 250 250 September 25, 2007 II B 400 400 December 25, 2007 III C 500 500 March 21, 2008 IV D 1,350 1,350 June 24, 2008
Total 2,500
On September 25, 2007 and December 24, 2007, the Company repaid Rs.250 million and Rs.400 million respectively, towards principal repayment against the NCDs. Subsequent to such payment, the total principal amount outstanding on December 24, 2007 was Rs.1,850 million.
-
644
Pursuant to a Debenture Trust Deed dated June 27, 2007 between the Company and IL&FS Trust Company Limited, a company incorporated under the Companies Act (“IL&FS”), IL&FS was appointed to act as the trustee on behalf of Prudential ICICI. The key terms of the Debenture Trust Deed are set forth below: 1. The repayment of the NCDs on maturity, payment of all interest, costs, expenses and payments to
be made to IL&FS and all other payments to be made with respect to the NCDs are secured by a first mortgage and charge in favour of IL&FS over non-agricultural freehold land measuring 1,832.33 Sq. mt. located at Village Indrad, Taluka Kadi, District Mehsana, Gujarat, India, owned by the Company, and (ii) a first charge in favour of IL&FS over the Company’s share of receivables accrued from the Company’s projects – Mohali Hills (Sectors 108 and 109) located at Mohali, Punjab, India and The Palm Springs located at Gurgaon, Haryana, India (the “Receivables”) and the Company’s escrow account opened with the Hong Kong and Shanghai Banking Corporation Limited (the “Escrow Account”). The land in Sectors 108 and 109 of the Mohali Hills project is covered by a negative lien (i.e., the Company has undertaken not to create any encumbrance or offer such land as security or mortgage for securing any debt or obligation).
2. The Company is required to pay interest on the outstanding amount of the face value of the Non
Convertible Debentures getting redeemed at the rate of 11.50% p.a. payable at each redemption. 3. Certain events constitute events of default under the Debenture Trust Deed, including if any
indebtedness of the Company becomes due prior to its maturity due to default of the terms thereof or any such indebtedness is not paid at maturity; if the Company enters into amalgamation, reorganization or reconstruction without prior written intimation to IL&FS; and if the Company makes changes to its Memorandum of Association or Articles of Association without the prior written consent of IL&FS.
4. Under the facility agreement, the Company has, inter alia, covenanted as follows:
i. The Company will deliver to IL&FS copies of audited accounts; ii. The Company will inform IL&FS of any changes in its name, composition of its Board of
Directors or conduct of its business; iii. The Company will maintain a debt-equity ratio of 1.3:1; iv. The Company will not, without the prior written consent of IL&FS, (i) declare or pay any
dividend during any financial year unless the Company has paid the instalment of principal and interest then due and payable on the NCDs; (ii) sell or dispose of the mortgaged properties in Gujarat or create any lien or charge or other encumbrance on such properties; or (iii) undertake or permit any merger, consolidation, reorganization or scheme of arrangement.
5. IL&FS has a right to appoint a nominee on the Board of Directors of the Company upon the
occurrence of an event of default relating to two consecutive interest payment periods. Such nominee director will need to be appointed on all key committees of the Board of Directors.
6. The Company is required to pay IL&FS a fixed acceptance fee and a specified annual fee. The Company has also entered into (i) a memorandum of hypothecation dated June 27, 2007, pursuant to which the Receivables and the Escrow Account have been hypothecated by way of first charge in favour of IL&FS as security of the NCDs, and (ii) an escrow agreement dated June 21, 2007 with IL&FS and the Hong Kong and Shanghai Banking Corporation Limited, pursuant to which the Company and IL&FS have jointly opened the Escrow Account for deposit of the Receivables for repayment of the NCDs issued to Prudential ICICI. In June 2007, ICRA Limited, a credit rating agency, assigned a conditional A1+ (SO) rating to the NCDs with a taxable tax status. The Company has also received an A+ rating from CARE for long term debt programmes and a PR1+ rating from CARE for short term debt programmes In addition, the Company has also issued short term non-convertible debentures to certain mutual funds from time to time, which are redeemable by April 11, 2008. As of the date of the Red Herring Prospectus, the amount outstanding under such non-convertible debentures aggregated Rs.10,500
-
645
million, of which debentures amounting to Rs.250 have daily/put call options attached to them and are backed by overdraft lines available to the Company. Indebtedness Relating to the Subsidiaries/Companies Owned by EMGF: 1) An Agreement of Loan dated September 3, 2007 has been entered between Emaar MGF
Construction Private Limited, a Subsidiary of the Company, and the State Bank of India for Rs.4,500 million, including a term loan limit of Rs.1,500 million and bank guarantee limit of Rs.3,000 million. The interest rate payable on the term loan is 0.25% below the State Bank Advance Rate which is currently at 12.75% per annum, or interest charged by other project lenders, whichever is higher. The present effective rate is 12.50% per annum. For the bank guarantee, a margin of 10% of the guarantee amount has been stipulated by the lender. The term loan needs to be repaid in five equal quarterly instalments of Rs.300 million each, commencing on September 30, 2009. The bank guarantee is to be repaid forthwith on demand by the lender. The loan is secured, inter alia, by a first charge by way of assignment of the borrower’s development rights in respect of the Commonwealth Games Village Residential Project and a first charge by way of hypothecation on all the moveable assets of the borrower and a corporate guarantee of the Company.
2) Pursuant to a letter dated September 27, 2007, the Hong Kong and Shanghai Banking Corporation has sanctioned a non fund-based facility of Rs.500 million to Emaar MGF Construction Private Limited, a Subsidiary of the Company, for the Commonwealth Games Residential Village Project. The facility is secured by a corporate guarantee of the Company. The facility is open ended with a tenor not exceeding 16 months. Any request for extension beyond this tenor will be permitted only on providing a cash collateral to the lender.
3) An Agreement of Loan dated December 11, 2007 has been entered between Emaar MGF Construction Private Limited, a Subsidiary of the Company, and the State Bank of Patiala, together with sanction/arrangement letters dated November 5, 2007 and November 13, 2007, for Rs.1,000 million, including a term loan limit of Rs.500 million and bank guarantee limit of Rs.500 million. The interest rate payable on the outstanding in the borrower’s account is 0.50% below the Bank Prime Lending Rate which is currently at 13.00% per annum, or the interest rate charged by other project lenders, whichever is higher. The present effective rate is 12.50% per annum. The term loan is repayable in five equal quarterly instalments. The loan is secured by a first charge by way of assignment of the borrower’s development rights in respect of the Commonwealth Games Residential Project, a first charge by way of hypothecation on all the moveable assets of the borrower and a corporate guarantee of the Company, a first charge on all bank accounts of the project and a first charge/assignment/security interest on the borrower’s right under the project documents, contracts and all insurance policies in respect of the project.
4) Accession Buildwell Private Limited (“Accession”), a Company Owned by EMGF, has issued 1200 non-cumulative fully and compulsorily convertible non-participating preference shares of face value of Rs.10 each bearing 0% dividend at par value and 9,235,434 fully paid up non-marketable and unsecured Indian rupees denominated mandatorily convertible debentures of face value of Rs.640 to Black Lead Trading Limited (“Black Lead”), a company incorporated under the laws of Cyprus, pursuant to a Subscription Agreement Relating to INR Denominated Debentures Due 2012 dated December 14, 2007 (the “Subscription Agreement”).
Black Lead, the Company and Credit Suisse-Singapore Branch have also entered into a Put and Call Option Deed dated December 14, 2007 in respect of the Subscription Agreement, pursuant to which:
• The Company has irrevocably granted Black Lead an option to sell, at any time until June 3, 2011 and upon the occurrence of certain specified put events, (i) the debentures issued to it under the Subscription Agreement, (ii) any equity shares in Accession held and acquired by Black Lead from time to time pursuant to the conversion of any debentures, and (iii) the preference shares issued to it under the Subscription Agreement and the Company has undertaken to purchase such securities from Black Lead.
• In the event that a put event has occurred and Black Lead does not exercise its put option within certain specified period, the Company has the option to purchase such securities and Black Lead has undertaken to sell such securities to the Company.
-
646
• If, at any time after the conversion of the debentures into equity shares of Accession (the “Conversion Shares”), Black Lead wishes to accept a bona fide offer in cash for all of the Conversion Shares from a third party purchaser, Black Lead will be entitled to require the Company to sell all of its shares in Accession to the third party purchaser and the Company will be required to transfer such shares to the third party purchaser.
• If at any time after the conversion of the debentures into Conversion Shares, Black Lead, Accession or the Company or its Subsidiaries wish to accept a bona fide offer in cash for certain specified real property that forms part of the specified project land from a third party purchaser, Black Lead will be entitled to require the Company to procure that its affiliates sell such remaining part of the project to the third party purchaser.
Certain other ancillary agreements have also been executed pursuant to the Subscription Agreement, including the following:
(i) A Property Custody Agreement dated December 14, 2007 among Accession, the Company, Credit Suisse - Singapore Branch, IDBI Trusteeship Services Limited, Active Promoters Private Limited and certain Subsidiaries and/or Companies Owned by EMGF. Under this agreement, Accession is obligated to deposit title deeds in respect of certain property with IDBI Trusteeship Services Limited, and not to encumber any such property.
(ii) An Agency Agreement dated December 14, 2007 between Accession and Credit Suisse - Singapore Branch, appointing Credit Suisse as an agent of Accession in respect of certain activities to be performed in relation to the Subscription Agreement and certain ancillary agreements.
(iii) A Share Certificates Safekeep Agreement among Accession, the Company, Credit Suisse - Singapore Branch, IDBI Trusteeship Services Limited, Active Promoters Private Limited and certain Subsidiaries and Companies Owned by EMGF. Under this agreement, the parties have agreed to deposit the share certificates of Accession held by Active Promoters Private Limited and the share certificates of certain Subsidiaries and/or Companies Owned by EMGF held by Accession with IDBI Trusteeship Services Limited and not to create any encumbrance on such shares.
-
647
SECTION VI: LEGAL AND OTHER INFORMATION
OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS
Except as stated below there is no outstanding litigation, suits, criminal or civil prosecutions, proceedings or tax liabilities against the Company, the Subsidiaries, the Companies Owned by EMGF and the Joint Venture, and there are no material defaults, non payment of statutory dues, over-dues to banks or financial institutions, defaults against banks or financial institutions, defaults in dues payable to holders of any debenture, bonds or fixed deposits or arrears of preference shares issued by the Company, the Subsidiaries, the Companies Owned by EMGF and the Joint Venture, defaults in creation of full security as per terms of issue/other liabilities, proceedings initiated for economic, civil or any other offences (including past cases where penalties may or may not have been awarded and irrespective of whether they are specified under paragraph (I) of Part 1 of Schedule XIII of the Companies Act) other than unclaimed liabilities of the Company, the Subsidiaries, the Companies Owned by EMGF and the Joint Venture and no disciplinary action has been taken by SEBI or any stock exchanges against the Company, the Subsidiaries, the Companies Owned by EMGF the Joint Venture, the Promoters or the Directors, that may have a material adverse effect on our consolidated financial position, nor, so far as we are aware, are there any such proceedings pending or threatened. Except as disclosed below, there is no litigation involving the Company, the Subsidiaries, the Companies Owned by EMGF and the Joint Venture, after the date of the SEBI observation letter dated January 7, 2008. Neither the Company nor Subsidiaries, the Companies Owned by EMGF, the Joint Venture, the Promoters, the Promoter Group and the Directors have been declared as wilful defaulters by the Reserve Bank of India or any other Governmental authority and, as disclosed in this section in relation to litigation, there are no violations of securities laws committed by them in the past or are pending against them. Contingent liabilities of the Company as of September 30, 2007: As of September 30, 2007, contingent liabilities not provided for in the Company’s restated consolidated financial statements aggregated Rs.7,027.60 million and capital commitments (net of advances) aggregated Rs.841.40 million. For further information, see the restated consolidated financial statements of the Company as of September 30, 2007, beginning on page 509 of this Red Herring Prospectus. Outstanding Litigation and Material Developments/Proceedings against the Company, the Subsidiaries, the Companies Owned by EMGF and the Joint Venture
Cases against the Company
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the
Court/ Arbitration
Panel
Amount Under Consideration (Rs.)
Brief Description of Case
Status
1. CWP No.
13248/07 August 2007
Samarth Raj Mehta and Ajay Bakshi
Company, State of Punjab and others
High Court of Punjab and Haryana, Chandigarh
Not applicable Writ Petition challenging exemption granted under Section 44 (2) of the Punjab Apartment and Property Regulation, 1995, as ultra vires and invalid, and praying for quashing of Notification no. 18/41/2006-II/7392 dated August 11, 2006 and Notification no. 18/41/2006-5HG-II/12783 dated December 12, 2006. This petition is in respect of property situated at Mohali, sector-105
The next date of hearing is January 17, 2008
2. Suit No.1589/2007
June 15, 2007
Balwant Singh Company and others
Civil Judge Senior Division, Mohali
Not available
Suit for permanent injunction restraining the defendants from
The next date of hearing is February 13,
-
648
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the
Court/ Arbitration
Panel
Amount Under Consideration (Rs.)
Brief Description of Case
Status
dispossessing the Plaintiffs from land measuring 122 kanals 6 marlas (15.287 acres) mentioned in Notification No. 1510/SYL/Const.80 under section 4 and Notification No. 1896-SYL/Const. under section 6 of the Land Acquisition Act
2008
Cases by the Company (including appeals from adverse decisions)
S. No.
Appeal No./
Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
1. CWP No.
3628/06 March 2006 Company,
Logical Developers Private Limited, MGF Developments Limited and others
State of Haryana and others
High Court of Punjab and Haryana, Chandigarh
Not available Writ Petition for, inter alia, quashing of Notification No. 32/7/2004-4IB I dated September 17, 2004 and Notification No. 32/7/2004-4IB I dated October 27, 2004 for the acquisition of certain land measuring 42.19 acres situated at the revenue estates of Villages Lakhnaula and Naurangpur in Tehsil and District Gurgaon, Haryana
The next date of hearing is yet to be notified
2. CWP No. 3554/06
March 2006 Company, Zonex Estates Private Limited, MGF Developments Limited and others
State of Haryana and others
High Court of Punjab and Haryana, Chandigarh
Not available Writ Petition for, inter alia, quashing of Notification No. 32/7/2004-4IB I dated September 17, 2004 and Notification No. 32/7/2004-4IB I dated October 27, 2004 for the acquisition of certain land measuring 105 kanals 17 marlas (13.231 acres) situated at the revenue estates of Villages Lakhnaula and Naurangpur in Tehsil and District Gurgaon, Haryana
The next date of hearing is yet to be notified
3. CWP No. 3654/06
March 2006 Company, Sonex Projects Private Limited, Gyan Kunj Constructions Private Limited, Gyan Jyoti Estates Private Limited, Amar Deep Buildcon Private Limited, Rose Gate Estates Private Limited, MGF Development Limited and
State of Haryana and others
High Court of Punjab and Haryana, Chandigarh
Not available Writ Petition for, inter alia, quashing of Notification No. 32/7/2004-4IB I dated September 17, 2004 and Notification No. 32/7/2004-4IB I dated October 27, 2004 for the acquisition of certain land measuring 56.49 acres situated at the revenue estates of Villages Lakhnaula and Naurangpur in Tehsil and District Gurgaon, Haryana
The next date of hearing is yet to be notified
-
649
S. No.
Appeal No./
Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
others
4. CWP No. 3859/06
March 2006 Company, Sarvodya Buildcon Private Limited, Prosperous Constructions Private Limited and MGF Developments Limited
State of Haryana and others
High Court of Punjab and Haryana, Chandigarh
Not available Writ Petition for, inter alia, quashing of Notification No. 32/7/2004-4IB I dated September 17, 2004 and Notification No. 32/7/2004-4IB I dated October 27, 2004 for the acquisition of certain land measuring 19.8 acres situated at the revenue estates of Villages Lakhnaula and Naurangpur in Tehsil and District Gurgaon, Haryana
The next date of hearing is yet to be notified
5. CWP No. 5298/06
April 2006 Company, Logical Developers Private Limited, Zonex Estates Private Limited, Yukti Projects Private Limited, Sankalp Promoters Private Limited, MGF Developments Limited and others
State of Haryana and others
High Court of Punjab and Haryana, Chandigarh
Not available
Writ Petition for, inter alia, quashing of Notification No. 32/36/2005-4IB I dated September 27, 2005 for the acquisition of certain land measuring 7.99 acres situated at the revenue estates of Villages Bas Kusla and Bas Haria in Tehsil and District Gurgaon, Haryana
The next date of hearing is yet to be notified
6. CWP No. 9748/06 and Review Petition of 2007
July 2007 Company, Paramjeet Singh, Logical Estates Private Limited, Snow White Buildcon Private Limited, Active Promoters Private Limited, Logical Developers Private Limited and Legend Buildcon Private Limited and MGF Developments Limited
State of Punjab and others
High Court of Punjab and Haryana
Not available Writ Petition for, inter alia, quashing of Notification No. 6/45/2004-1HG1/2622 dated March 21, 2005 and Declaration No. 6/45/2004-1HG1/2030 dated March 13, 2006 for the acquisition of certain land measuring 27.22 acres situated at the revenue estates of Village Landran, Tehsil Mohali, District Rup Nagar, Punjab
The next date of hearing is January 29, 2008. A review petition was filed against order dated May 4, 2007 and has since been allowed and listed for hearing
7. CWP No. 9746/06 and Review Petition of 2007
July 2007 Company, Legend Buildcon Private Limited, MGF Developments Limited and others
State of Punjab and others
High Court of Punjab and Haryana, Chandigarh
Not available Writ Petition for, inter alia, quashing of Notification No. 6/45/2004-1HG1/2620 dated March 21, 2005 and Declaration No. 6/45/2004-1HS1/2026 dated March 13, 2006 for the acquisition of certain land measuring 49 kanals 3 1/3 marlas (6.333 acres) situated at the revenue estates of Village Lakhnor, Tehsil Mohali, District Rup Nagar, Punjab
The next date of hearing is January 29, 2008. A review petition was filed against order dated May 4, 2007 and has since been allowed and listed for hearing
8. CWP 598/2007
January 2007 Company, MGF Developments
State of Rajasthan and
High Court of Rajasthan, Jaipur
Not applicable Writ Petition challenging Notification
The next date of hearing is
-
650
S. No.
Appeal No./
Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
Limited and Logical Developers Private Limited
others No. P.6 (28) UD (Na. Vi.)/3/2005 dated December 20, 2005 and Declaration No. P.6 (28) UD (Na. Vi.)/05 dated April 29, 2006 for the acquisition of certain land measuring 3.95 acres situated at the revenue estates of Village Bhamoria, Tehsil Sanganer, District Jaipur, Rajasthan
yet to be notified
9. S.B. C.W. No. 2533/ 2007
April 2007 Company, MGF Developments Limited and Active Promoters Private Limited
State of Rajasthan and others
High Court of Rajasthan, Jaipur
Not applicable Writ Petition challenging Notification No. P.6 (28) UD (Na. Vi.)/3/2005 dated December 20, 2005 and Declaration No. P.6 (28) UD (Na. Vi.)/05 dated April 29, 2006 for the acquisition of certain land measuring 14.57 acres situated at the revenue estates of Village Bhamoria, Tehsil Sanganer, District Jaipur, Rajasthan
The next date of hearing is yet to be notified
10. S.B. C.W. No. 2534/ 2007
April 2007 Company, MGF Developments Limited and Active Promoters Private Limited
State of Rajasthan and others
High Court of Rajasthan, Jaipur
Not applicable Writ Petition challenging Notification No. P.6 (28) UD (Na. Vi.)/3/2005 dated December 20, 2005 and Declaration No. P.6 (28) UD (Na. Vi.)/05 dated April 29, 2006 for the acquisition of certain land measuring 8.03 acres situated at the revenue estates of Village Jhai, Tehsil Sanganer, District Jaipur, Rajasthan
The next date of hearing is yet to be notified
11. S.B. C.W. No. 2535/ 2007
April 2007 Company, Dove Promoters Private Limited and MGF Developments Limited
State of Rajasthan and others
High Court of Rajasthan, Jaipur
Not applicable Writ Petition challenging Notification No. P.6 (28) UD (Na. Vi.)/3/2005 dated December 20, 2005 and Declaration No. P.6 (28) UD (Na. Vi.)/05 dated April 29, 2006 for the acquisition of certain land measuring 2.45 acres situated at the revenue estates of Village Jhai, Tehsil Sanganer, District Jaipur, Rajasthan
The next date of hearing is yet to be notified
12. C.C. No. 615/07
March 17, 2007
Company Shirish Shukla and others
Metropolitan Magistrate, Patiala House
Not applicable A first information report has been registered with respect to complaint No. 615/07
The next date of hearing is March 3, 2008
-
651
Notices received/sent by the Company, Subsidiaries, Companies Owned by EMGF and the Joint Venture
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
1. Sewak Developers Private Limited
Pale Ram November 9, 2006
Not available Through this legal notice, Sewak Developers Private Limited was informed that as they have not complied with their obligations under the agreement to sell, the agreement is cancelled and the earnest money paid is forfeited
No reply has been sent as the Company is in discussion with the issuing party
2. Capex Project Private Limited
Bhup Singh, Narendar and Nand Kishore
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.9,000,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
3. Capex Project Private Limited
Pehlad, Raghbir, Rajendar, Surender, Sukhdev, Kulbir, Kartari Devi, and Sunil
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.6,900,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
4. Capex Project Private Limited
Ram Chander December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.1,700,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
5. Capex Project Private Limited
Ram Rati, Jai Bhagwan and Sandeep.
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.600,000 paid as earnest money would be
No reply has been sent as the Company is in discussion with the issuing party
-
652
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
forfeited and agreement to sell would be cancelled
6. Capex Project Private Limited
Pehlad, Raghbir, Rajendar, Surender, Sikhdev, Kulbir, Kartari Devi and Sunil
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.4,700,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
7. Capex Project Private Limited
Rajesh Kumar, Sudhir Kumar and Vijay
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.1,500,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
8. Capex Project Private Limited
Rajender, Rajesh, Virbhan, Satbir, Santosh and Krishan
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
9. Capex Project Private Limited
Ramesh, Kuldeep, Pardeep and Manoj Satbir
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.7,500,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
10. Capex Project Private Limited
Ran Singh, Jogender, and Khushal
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together
No reply has been sent as the Company is in discussion with the issuing party
-
653
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
with the payment of the balance amount of sale consideration failing which Rs.6,000,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
11. Capex Project Private Limited
Manjeet Singh and Mahabir-Azad
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.1,500,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
12. Capex Project Private Limited
Jagpal December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.18,000,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
13. Capex Project Private Limited
Rattan Singh and Bhim Singh
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.6,000,000 paid as earnest money would be forfeited and agreement to sell dated July 24, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
14. Capex Project Private Limited
Biro Devi and Rinku
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.6,000,000 paid as earnest money would be forfeited and agreement to sell dated July 24, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
-
654
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
15. Capex Project Private Limited
Manjeet Singh and Mahabir-Azad
December 6, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on December 14, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.6,000,000 paid as earnest money would be forfeited and agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
16. Capex Project Private Limited
Mukhtiyar Singh, Satpal, Inderjeet, Harish Chand,
Raj Pal and Sumit
December 6, 2006
Not available
Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on October 23, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.6,000,000 paid as earnest money would be forfeited and agreement to sell dated July 12, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
17. Camarederie Properties Private Limited
Gyaneshwar Realtors Private Limited
July 21, 2006 Not available Through this legal notice, Camarederie Project Private Limited was required to be present at the offices of the sub-registrar on July 24, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.5,100,000 paid as earnest money would be forfeited and agreement to sell dated June 22, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
18. Capex Project Private Limited
Babita Devi August 1, 2006 Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on July 20, 2006 for the execution of the sale deed failing which the earnest money paid has been forfeited and agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
19. Nayas Projects Private Limited
Munshi Ram August 30, 2006 Not available Through this legal notice, Nayas Project Private Limited was granted an extension to execute and register a sale deed within 10 days from the receipt of the notice failing which Rs.1,340,0000 paid as earnest money would be forfeited and the agreement to sell would
No reply has been sent as the Company is in discussion with the issuing party
-
655
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
be cancelled
20. Nayas Projects Private Limited
Kanwal Singh,
Satbir Singh and Balwan Singh
August 30, 2006 Not available Through this legal notice, Nayas Project Private Limited was granted an extension to execute and register a sale deed within 10 days from the receipt of the notice failing which Rs.6,000,000 paid as earnest money would be forfeited and the agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
21. Capex Project Private Limited
Udai Singh August 31, 2006 Not available Through this legal notice, Capex Project Private Limited was granted an extension to execute and register a sale deed by September 15, 2006 failing which Rs.2,887,500 paid as earnest money would be forfeited and the agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
22. Maestro Estate Private Limited
Prabhu Ram September 1, 2006
Not available Through this legal notice, Maestro Estate Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.1,700,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
23. Capex Projects Private Limited
Kishori Lal and Radhey Shyam
September 8, 2006
Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on September 25, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.4,000,000 paid as earnest money would be forfeited and agreement to sell dated July 24, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
24. Maestro Estates Private Limited
Attar Singh September 8, 2006
Not available Through this legal notice, Maestro Estate Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.200,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
25. Tushar Projects Private Limited
Ram Bhateri, Satbir , Gopi, Kamlesh, Sumesh,
Hans Ram and Sarita
September 9, 2006
Not available Through this legal notice, Tushar Project Private Limited was granted an extension to execute and
No reply has been sent as the Company is in discussion with
-
656
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
register a sale deed failing which Tushar Projects Private Limited would have been liable for any loss and damages suffered
the issuing party
26. Tushar Projects Private Limited
Ghisa Ram,
Mangat Ram,
Dhan Kaur and
Lalwati
September 9, 2006
Not available Through this legal notice, Tushar Project Private Limited was granted an extension to execute and register a sale deed failing which Tushar Projects Private Limited would have been liable for any loss and damages suffered
No reply has been sent as the Company is in discussion with the issuing party
27. Tushar Projects Private Limited
Sarv Shri Roop Chand,
Krishan,
Kude Ram, Jaipal,
Ramrati and
Vimla
September 9, 2006
Not available Through this legal notice, Tushar Project Private Limited was granted an extension to execute and register a sale deed failing which Tushar Projects Private Limited would have been liable for any loss and damages suffered
No reply has been sent as the Company is in discussion with the issuing party
28. Nayas Projects Private Limited
Ram Phal and Bhram Prakash
September 11, 2006
Not available Through this legal notice, Nayas Projects Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.2,000,000 paid as earnest money has been forfeited, Nayas Projects Private Limited is responsible for damages on account of delay and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
29. Nayas Projects Private Limited
Suresh, Ramesh, Mukesh, Joginder, Virender, Savita,
Sunita Devi, Arnesh Devi,
Bhatairi, Mukesh, Surinder Kumar, Chanderwati Mukesh Kumari and Vivek Kumari
September 13, 2006
Not available
Through this legal notice, Nayas Project Private Limited was granted an extension to execute and register a sale deed within 15 days from the receipt of the notice failing which earnest money would be forfeited and the agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
30. Hope Promoters Private Limited
Goverdhan Lal September 18, 2006
Not available Through this legal notice Hope Promoters Private Limited was granted an extension to execute and register a sale deed within one month from the receipt of the notice failing which Rs.5,250,000 paid as earnest money would be forfeited and the agreement to sell would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
31. Tanmay Developers Private Limited
Nawal Singh September 19, 2006
Not available Through this legal notice Tanmay Developers Private Limited was informed that as they have not performed their obligations under the agreement to sell dated August 4, 2006,
No reply has been sent as the Company is in discussion with the issuing party
-
657
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
Rs.1,400,000 paid as earnest money has been forfeited and the seller has executed a purchase agreement with a third party
32. Hope Promoters Private Limited and Garland Estate Private Limited
Balbiro September 20, 2006
Not available Through this legal notice Hope Promoters Private Limited and Garland Estate Private Limited has been restrained from alienating land measuring 3 kanals (0.37 acres) situated at Village Daultabad, Gurgaon as the above referred land is subject to the litigation pending before the Civil Judge, Gurgaon in the case of Balbiro v. Krishan and others
No reply has been sent as the Company is in discussion with the issuing party
33. Brijbasi Projects Private Limited
Jaswant Ram and Ishwar Das
October 5, 2006 Not available Through this legal notice, Brijbasi Projects Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.10,451,250 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
34. Brijbasi Projects Private Limited
Madan Lal
October 5, 2006 Not available Through this legal notice, Brijbasi Projects Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.11,745,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
35. Brijbasi Projects Private Limited
Kushal Chand
October 5, 2006 Not available Through this legal notice, Brijbasi Projects Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.17,268,750 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
36. Brijbasi Projects Private Limited
Karam Chand
October 5, 2006
Not available Through this legal notice, Brijbasi Projects Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.10,530,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
-
658
S. No.
Name of the Party Receiving the Legal
Notice
Name of the Party Issuing the Legal Notice
Date of Notice
Amount Under Consideration
Description of the Legal Notice
Status
37. Capex Projects Private Limited
Inderjeet, Anil Kumar;
Mukesh Kumar, Anita,
Kashmiri and
Satbir
October 6, 2006 Not available Through the notice, Capex Projects Private Limited was called upon to get the execution and registration of the sale deed on or before October 23, 2006 failing which the earnest money would be forfeited and Agreement would be cancelled.
No reply has been sent as the Company is in discussion with the issuing party
38. Capex Projects Private Limited
Rajinder Singh, Suresh Kumar, Tejpal, Dayanand, Mahender Singh and Naresh Kumar
October 6, 2006 Not available Through this legal notice, Capex Project Private Limited was required to be present at the offices of the sub-registrar on October 23, 2006 for the execution and registration of the sale deed together with the payment of the balance amount of sale consideration failing which Rs.3,550,000 paid as earnest money would be forfeited and agreement to sell dated July 12, 2006 would be cancelled
No reply has been sent as the Company is in discussion with the issuing party
39. Kamdhenu Project Private Limited
Chameli Devi, Anup Singh, Mahendar Kaur, Savita and Savitri
November 9, 2006
Not available Through this notice, Kamdhenu Project Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.12,600,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
40. Kamdhenu Project Private Limited
Shiv Ram November 9, 2006
Not available Through this notice, Kamdhenu Project Private Limited was informed that as they had failed to perform their obligations under the agreement to sell, Rs.12,500,000 paid as earnest money has been forfeited and the agreement to sell is cancelled
No reply has been sent as the Company is in discussion with the issuing party
41. Company Office of the Controller of Legal Metrology, Government of N.C.T. of Delhi
September 26, 2007
2,000 Through this notice, Emaar MGF Land Limited was required to pay Rs.2,000 as fine for an advertisement published in a newspaper using non-standard units for measurements
Company has paid the fine
Tax Cases involving the Company
On September 12, 2007, we were subjected to search and seizure operations under section 132 and surveys under section 133A of the Income Tax Act, 1961. The search and seizure operations were conducted in 17 locations of the Company, certain executive Directors and employees of the Company and certain Promoters, Promoter Group Companies, relatives of the Promoter and employees of the Promoter Group Companies. During the course of the search and seizure operations, the income tax authorities have taken custody of certain materials such as documents, records, computer files and hardware, and recorded statements of certain officials of these entities. Subsequently, the income tax authorities have sought further information/documents and explanations from time to time. We have
-
659
cooperated with the authorities in this regard. However, we have not received any demand notice so far from the income tax authorities in connection with these search and seizure operations. Pending completion of these proceedings, tax liability if any that may arise on this account, is presently unascertainable and will be determined upon conclusion of the proceedings. Proceedings initiated against the Company for economic offences
Nil Details of past penalties imposed on the Company
Nil Cases against the Subsidiaries, the Companies Owned by EMGF and the Joint Venture
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
1. Suit No.
131/06 March 2006
Sarla Devi Bimla Devi, Kamla, Shakuntla, Urmils, Parmila, Vikram, Logical Developers Private Limited and Prosperous Buildcon Private Limited
Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration restraining sale of land pursuant to a sale deed dated February 23, 2006 for a part of the total land measuring 25 bighas 12 biswas (16.00 acres) situated at Village Basai, Gurgaon for a total consideration of Rs.6,328,125. This suit is in respect of certain land measuring 2 bighas 5 biswas (1.40 acres) situated at Village Basai, Gurgaon
The next date of hearing is January 21, 2008
2. Suit No. 181/06
April 2006
Shine Buildcon Private Limited
Logical Developers Private Limited and Sartaj Singh
Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration and permanent mandatory injunction restraining sale of land pursuant to a sale deed dated April 25, 2005 for a total consideration of Rs.42,933,750. This suit is in respect of certain land measuring 3646/48700 share of 542 kanals 17 marlas (67.85 acres) situated at Village Bas Hariya, Gurgaon
The next date of hearing is January 21, 2008
3. Suit No. 252/06
April 2006
Shine Buildcon Private Limited
Braham Singh, Bharat Singh, Logical Developers Private Limited and Raju
Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration and mandatory injunction restraining sale of land pursuant to a sale deed dated April 25, 2005. This suit is in respect of certain land measuring 35 kanals 6 marlas (4.41 acres) situated at Village Bas Hariya, Gurgaon
The next date of hearing is January 24, 2008
4. Suit No. 259/05
October 2005
Assotech Realty Private Limited
Active Promoters Private Limited and Randhir Singh
Civil Judge, Senior Division, Gurgaon
13,000,000 with an interest of 12% from the date of filing the suit till realisation of the amount
Suit for declaration and mandatory injunction restraining performance of sale deed dated February 2, 2006. This suit is in respect of certain land measuring 8 kanals (1.00 acre) situated at Village Ghata, Gurgaon
The next date of hearing is February 7, 2008
5. Suit No. 260/05
October 2005
Assotech Realty Private Limited
Active Promoters Private Limited
Civil Judge, Senior Division, Gurgaon
14,462,500 with an interest of 12%
Suit for declaration and mandatory injunction
The next date of
-
660
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
and Randhir Singh
from the date of filing the suit till realisation of the amount
restraining performance of sale deed dated February 2, 2006. This suit is in respect of certain land measuring 8 kanals 18 marlas (1.11 acres) situated at Village Ghata, Gurgaon
hearing is February 7, 2008
6. Suit No. 261/2005
October 2005
Assotech Realty Private Limited
Active Promoters Private Limited and Randhir Singh
Civil Judge, Senior Division, Gurgaon
13,000,000 with an interest of 12% from the date of filing the suit till realisation of the amount
Suit for declaration and mandatory injunction restraining performance of sale deed dated February 2, 2006. This suit is in respect of certain land measuring 8 kanals (1.00 acre) situated at Village Ghata, Gurgaon
The next date of hearing is February 7, 2008
7. Suit No. 262/2005
October 2005
Assotech Realty Private Limited
Active Promoters Private Limited and Randhir Singh
Civil Judge, Senior Division, Gurgaon
13,000,000 with an interest of 12% from the date of filing the suit till realisation of the amount
Suit for declaration and mandatory injunction restraining performance of sale deed dated February 2, 2006. This suit is in respect of certain land measuring 8 kanals (1.00 acre) situated at Village Ghata, Gurgaon
The next date of hearing is February 7, 2008
8. Suit No. 258/05
October 2005
Assotech Realty Private Limited
Active Promoters Private Limited and Randhir Singh
Civil Judge, Senior Division, Gurgaon
24,050,000 with interest of 12% from the date of filing of suit till realisation of the amount
Suit for declaration and mandatory injunction restraining performance of sale deed dated February 2, 2006. This suit is in respect of certain land measuring 14 kanals and 16 marlas (1.85 acres) situated at Village Ghata, Gurgaon
The next date of hearing is February 7, 2008
9. Suit No. 122/06
April 2006
Radha Enterprises
Changa Singh, Logical Developers Private Limited and Prosperous Buildcon Private Limited
Civil Judge, Senior Division, Gurgaon
Not available Suit for mandatory injunction restraining execution of a sale deed dated January 7, 2006 for a total consideration of Rs.9,450,000. This suit is in respect of certain land measuring 14 kanals (1.75 acres) situated at Village Bada, Gurgaon
The next date of hearing is May 22, 2008
10. Suit No. 121/06
April 2006
Radha Enterprises
Ganga, Logical Developers Private Limited and Prosperous Buildcon Private Limited
Civil Judge, Senior Division, Gurgaon
Not available Suit for mandatory injunction restraining execution of a sale deed dated January 7, 2006 for a total consideration of Rs.8,750,000. This suit is in respect of certain land measuring 27 kanals 19 marlas (3.49 acres) situated at Village Bada, Gurgaon
The next date of hearing is March 14, 2008
11. Suit No. 24/06
2006
Orient Craft Infrastructure Limited
Yukti Projects Private Limited and others
Tehsildar, Gurgaon Not applicable Suit for partition of land measuring 1931/3448 share of 43 kanals and 2 marlas (3.49 acres) situated at Village Bas Hariya, Gurgaon
The next date of hearing is January 19, 2008
-
661
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
12. Suit No. 34/06
2006 Orient Craft
Infrastructure Limited
Yukti Projects Private Limited and others
Tehsildar, Gurgaon
Not applicable Suit for partition of land measuring 528 kanals and 2 marlas (66.01 acres) situated at Village Bas Hariya, Gurgaon
The next date of hearing is January 19, 2008
13. Suit No. 537/06
December 2006
Satyavir Yadav, Suresh Singh and Naresh Garg
Active Promoters Private Limited and Roop Kumar Bansal
Civil Judge Senior Division, Gurgaon
Not available Suit for declaration that the Plaintiffs are the lawful owners of land measuring 32 kanals (4.00 acres) situated at Village Bahadurshah Pur, Tehsil and District Gurgaon, Haryana and declaration that sale deed dated October 19, 2005 is null, illegal and void
The next date of hearing is January 28, 2008
14. Suit No. 50/07 October 2005
Chanderpal Abhinav Projects Private Limited and Siria
Additional Civil Judge Senior division, Gurgaon
24,937,500 Suit for specific performance in respect of sale deed dated January 17, 2007 for a total consideration of Rs 24,937,500. An order dated February 11, 2006 injuncting the defendants from selling the property measuring 5 kanals 14 marlas (0.71 acres) had been passed by the Additional Civil Judge. The Plaintiff has filed an application for impleading Abhinav Projects Private Limited as a party in this matter. The Plaintiff has also filed a contempt application
The next date of hearing is March 11, 2008
15. Suit No. 45/2007
2007 Regal Greenland Private Limited
Tanmay Developers Private Limited
Additional Civil Judge Senior Division, Gurgaon
Not applicable Suit for partition of the land bearing rect.no.60, killa no.3/3[2-2], 4/2[1-14] l measuring 5 kanals 10 marlas (0.68 acres) situated at revenue estate of Ghata, Tehsil Sohna and District Gurgaon
The next date of hearing is yet to be notified
16. Suit No. 154/07
2007
Sher Singh Bailiwick
Builders Private Limited
Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration that the plaintiff is entitled to the outstanding amount of the sale consideration together with interest of 12% per annum from January 11, 2007 (date of the sale deed) until realisation of the amount. The suit is for land measuring 11 kanals 9 marlas (1.43 acres), situated at Village Nangli Umarpur, Tehsil and District Gurgaon
The next date of hearing is February 28, 2008
17. Suit No. 183/2005
September 24, 2005
Umrao Active Promoters Private Limited, Sushil and Bishan Singh
Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration and permanent injunction restraining a sale deed dated June 9, 2005 for a total consideration of Rs.3,200,000. This suit is
The next date of hearing is April 7, 2008
-
662
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
in respect of land measuring 16 kanals (2.00 acres) in Village Bhore Kalan, Gurgaon
18. Not available
July 2007
Vidya Devi Kela Devi and Active Promoters Private Limited
Civil Judge, Senior Division, Gurgaon
Not available
Suit for declaration and permanent injunction in respect of a sale deed dated June 13, 2005. This suit is in respect of land measuring 21 kanals 15 marlas (2.71 acres) located at Village Bhora Kalan, Gurgaon
The next date of hearing is March 17, 2008
19. RCA 16/2007 May 2007
Shailendra Kumar and Sumit Kumar
Pragya Buildcon Private Limited and Samuel Kutty
District Judge, Delhi
19,789,063 Appeal against the judgment and decree passed by the Civil Judge, dated April 17, 2007 for setting aside the above referred judgment and remanding the case to the Trial Court. The appeal is for declaration that the Special Power of Attorney executed by the Appellants grandfather is not binding on them and an injunction restraining the respondents from dispossessing the appellants from the suit land
The next date of hearing is January 23, 2008
20. Case No. 113/2007-08
June 28, 2007
State Prosperous Buildcon Private Limited
Upper Collector (Finance and Revenue), Ghaziabad
1,017,500 Case filed under the provisions of the Indian Stamp Act, 1899 in respect of land situated at Village Shahpur Bamheta, Pargana Dasna, Tehsil and District Ghaziabad
The matter has been fixed for orders
21. Case No. 114/2007-08
June 28, 2007
State Prosperous Buildcon Private Limited
Upper Collector (Finance and Revenue), Ghaziabad
1,307,000 Case filed under the provisions of the Indian Stamp Act, 1899 in respect of land situated at Village Shahpur Bamheta, Pargana Dasna, Tehsil and District Ghaziabad
The matter has been fixed for orders
22. Case No. 93/2007-08
June 28, 2007
State Prosperous Buildcon Private Limited
Upper Collector (Finance and Revenue), Ghaziabad
1,277,500 Case filed under the provisions of the Indian Stamp Act, 1899 in respect of land situated at Village Shahpur Bamheta, Pargana Dasna, Tehsil and District Ghaziabad
The matter has been fixed for orders
23. Case No. 126/2007-08
June 28, 2007
State
Rose Gate Estates Private Limited
Upper Collector (Finance and Revenue), Ghaziabad
1,702,000 Case filed under the provisions of the Indian Stamp Act, 1899 in respect of land situated at Village Shahpur Bamheta, Pargana Dasna, Tehsil and District Ghaziabad
The matter has been fixed for orders
24. Case No. 125/2007-08
June 28, 2007
State
Sonex Projects Private Limited
Upper Collector (Finance and Revenue),
1,327,500 Case filed under the provisions of the Indian Stamp Act, 1899 in
The matter has been
-
663
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
Ghaziabad respect of land situated at
Village Shahpur Bamheta, Pargana Dasna, Tehsil and District Ghaziabad
fixed for orders
25. RT-535/2006 April 13, 2006
Harpreet Kaur Dove Promoters Private Limited and others
Additional Civil Judge (Senior Division), Kharar
Not available Suit filed for declaration that the Plaintiff is the joint owner of property situated at Village Raipur Kalan, Mohali and declaration of sale deed dated November 21, 2005 in respect of 52 kanals and 5 marlas (6.53 acres) situated at Village Raipur Kalan, Mohali as null and void
The next date for hearing is April 2, 2008
26. Suit No. 1569/07
June 1, 2007
Amar Singh Charismatic Realtors Private Limited and others
Civil Judge (Senior Division), Mohali
Not available Suit for declaration that the Notification Nos. 1510/SYL/ Const./88 dated March 24, 1988 and Notification No. 1896/SYL/Const./88 April 11, 1988 issued under Section 4 and Section 6 of the Land Acquisition Act are null and void and suit for permanent injunction restraining the defendants from alienating and dispossessing the Plaintiffs from the land measuring 15.43 acres situated at Village Raipur Kalan, Mohali
The next date of hearing is January 21, 2008
27. Suit No. 1216/2006
July 15, 2006
Arihant Marbles Snow White Buildcon Private Limited and others
Additional Civil Judge, Kharar
Not available
Suit for permanent injunction restraining the defendants from interfering with the peaceful possession and running of the marble shop on the land measuring 1 acre situated at Village Landran, Mohali which has been taken on rent
The next date of hearing is April 3, 2008
28. Suit No. 745/2005
November 11, 2005
Jasbir Kaur and others
Gyan Jyoti Estates Private Limited, Mega City Builders Private Limited and others
Civil Judge (Junior Division), Mohali
Not available Suit for declaration and permanent injunction with respect to sale deeds dated October 19, 2007 and October 21, 2005 is illegal, null and void and declaration to the effect that plaintiffs are owners of some part of land situated in Village Raipur, Tehsil Mohali, District Ropar
The next date of hearing is February 19, 2008
29. Suit No. 92/2006
May 23, 2006
Guru Nanak Paper Mills Limited and Others
Logical Developers Private Limited
Civil Judge (Senior Division), Kharar
Not available
Suit for permanent injunction restraining the defendants from interfering with the peaceful possession of land measuring 38 kanals 16 marlas (4.85 acres) situated at Village Balongi, Mohali and
The next date of hearing is March 7, 2008
-
664
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
declaration that the token money of Rs.200,000 is null and void
30. Suit No. 337/2006
September 30, 2006
Jaswinder Pal Singh and others
Milky Way Realtors Private Limited and others
Civil Judge (Senior Division), Ludhiana
Not available Suit for possession by way of injunction and specific performance of the agreement dated May 15, 2006 for a total consideration of Rs.5,200,000 per acre. This suit is in respect of land measuring 33 kanals and 50 square yards (4.12 acres) situated at Village Gahaur, Mulanpur, Ludhiana and declaration that sale deed dated July 3, 2006 is illegal, null and void
The next date of hearing is January 19, 2008
31. Suit No. 968/2006
August 28, 2006
Jaswinder Pal Singh and others
Milky Way Realtors Private Limited and others
Civil Judge (Senior Division), Ludhiana
Not available Suit for possession by way of injunction and specific performance of the agreement dated May 17, 2005 for a total consideration of Rs.5,000,000 per acre. This suit is in respect of land measuring 33 kanals and 150 square yards (4.15 acres) situated at Village Gahaur, Mulanpur, Ludhiana and declaration that sale deed dated July 3, 2006 is illegal, null and void
The next date of hearing is March 12, 2008
32. CS(OS) No. 844/2006
July 18, 2007
Arvind Kumar
Prosperous Buildcon Private Limited, Logical Estates Private Limited and others
High Court of Delhi, New Delhi
4,200,000 Suit for specific performance based on agreement of sale dated September 25, 2005 in favour of the Plaintiff
Next date of hearing is March 25, 2008
33. Case No. 49/NT/07
2007
Saraswati Kunj Infrastructure Private Limited
Hope Promoters Private Limited and others
Additional Collector, First Class, Gurgaon
11,937,500 Suit for partition in respect of land measuring 36 kanals (4.00 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
34. Not available 2007
Saraswati Kunj Infrastructure Private Limited
Logical Developers Private Limited
Additional Collector, First Class, Gurgaon
5,290,300 Suit for partition in respect of land measuring 12 kanals 16.5 marlas (1.60 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
35. Not available February 2007
Sunglow Overseas Private Limited
Legend Buildcon Private Limited, Logical Developers Private Limited and others
Additional Collector, First Class, Gurgaon
3,356,250 Suit for partition in respect of land measuring 8 kanals 19 marlas (1.11 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
36. Not available February 2007
Sunglow Overseas Private Limited
Garland Estate Private Limited and others
Additional Collector, First Class, Gurgaon
1,656,250 Suit for partition in respect of land measuring 13 kanals 5 marlas (1.65 acres) situated at Village
The next date of hearing is
-
665
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
Kherki Majra Dhankot, Tehsil and District Gurgaon
January 17, 2008
37. Not available 2007 Dujarba Overseas Private Limited
Garland Estate Private Limited, Legend Buildcon Private Limited, Logical Developers Private Limited and others
Additional Collector, First Class, Gurgaon
5,012,500 Suit for partition in respect of land situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
38. Not available February 2007
Saraswati Kunj Infrastructure Private Limited
Active Promoters Private Limited and others
Additional Collector, First Class, Gurgaon
3,375,000 Suit for partition in respect of land measuring 9 kanals (1.12 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
39. Not available 2007 Sunglow Overseas Private Limited and another
Garland Estate Private Limited, Legend Buildcon Private Limited, Logical Developers Private Limited and others
Additional Collector, First Class, Gurgaon
5,012,500 Suit for partition in respect of land measuring 8 kanals 19 marlas (1.11 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
40. Not available 2007 Saraswati Kunj Infrastructure Private Limited
Legend Buildcon Private Limited, Logical Developers Private Limited and others
Additional Collector, First Class, Gurgaon
3,356,250 Suit for partition in respect of land measuring 8 kanals 19 marlas (1.11 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
41. Not available 2007 Dujarba Overseas Private Limited
Garland Estate Private Limited and others
Additional Collector, First Class, Gurgaon
1,656,250 Suit for partition in respect of land measuring 13 kanals 5 marlas (1.65 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
42. Not available February 2007
Saraswati Kunj Infrastructure Private Limited
Logical Developers Private Limited, Prosperous Buildcon Private Limited and others
Additional Collector, First Class, Gurgaon
23,615,600 Suit for partition in respect of land measuring 56 kanals 10.40 marlas (7.06 acres) situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
43. Not available 2007 Sunglow Overseas Private Limited and another
Garland Estate Private Limited and others
Additional Collector, First Class, Gurgaon
5,684,688 Suit for partition in respect of land situated at Village Kherki Majra Dhankot, Tehsil and District Gurgaon
The next date of hearing is January 17, 2008
44. Suit No. 289/ 2007
July 2007
Dinesh Jain Active Promoters Private Limited
(ACJ) Civil Judge, Senior Division, Gurgaon
Not available Suit for Declaration, permanent injunction and specific performance of an agreement dated December 8, 2005 for a total consideration of Rs.30,000,000. This suit is in respect of land admeasuring 108 kanals and 18 marlas (13.61
The next date of hearing is January 23, 2008
-
666
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
acres) situated in revenue estate of Village Ullawas, Tehsil Sohna and District Gurgaon
45. Suit No. 261/ 2007
July 2007
Dinesh Jain True Value Buildcon Private Limited
(ACJ) Civil Judge, Senior Division, Gurgaon
Not available Suit for declaration, permanent injunction and specific performance of an agreement dated October 6, 2005 for a total consideration of Rs.100,000,000. This suit is in respect of land admeasuring 68 kanals and 13 marlas (8.58 acres) situated in revenue estate of Village Ghata, Tehsil Sohna and District Gurgaon
The next date of hearing is January 23, 2008
46. Not Available April 2007
Sivadasan and others
Authentic Properties Private Limited and another
District Court Ernakulam, Munsif Court, Aluva
Not avilable
Suit for permanent injunction restraining the defendants from trespassing the properties measuring 94 cents and 72.425 cents (1.66 acres) situated at Village Chengamanad and from constructing, alienating or creating charge over the property
The next date of hearing is January 21, 2008
47. RT-1366 20/07/2005
2005 Jagtar Singh and others
Dove Promoters Private Limited, Sidhivinayak Buildcon Private Limited and others
Civil Judge (Junior Division), Kharrar
Not available Suit for declaration that Plaintiff’s are owners to the extent of 2/5th share of property measuring 68 kanals 18 marlas (8.61 acres) situated at Village Raipur Kalan, Ropar and consequential relief of permanent injunction restraining the defendant from alienating the above referred land
The next date of hearing is January 21, 2008
48. Suit No. 968/2006
September 2006
Jatinder Singh Virk
Kulbir and others
Civil Judge (Junior Division), Mohali
Suit for permanent injunction restraining the defendants from alienating a part of land situated at Village Jhampur, Mohali
An application has been filed to implead Charbhuja Properties Private Limited as a party to the suit. The next date of hearing is Januar
-
667
S. No.
Appeal No./ Case No.
Dated
Plaintiff/ Petitioners/
Complainant/ Applicant
Defendant/ Respondent
Name & Address of the Court/ Arbitration
Panel
Amount Under Consideration
(Rs.)
Brief Description of Case
Status
y 18, 2008
49. Not available May 2007
Bachan Singh and others
Charismatic Realators Private Limited and others
Civil Judge, Senior Division, S.A.S. Nagar, Mohali
Not applicable Suit for declaration and permanent injunction restraining respondents from dispossessing the plaintiffs from the suit land measuring 15 acres in Village Raipur Kalan, Tehsil Kharar, District Ropar as mentioned in notification number 1510/SYL/CONST./88 under Section 4 of the Land Acquisition Act, 1884 and notification number 1896/SYL/CONST./88 under Section 6 of the Land Acquisition Act, 1884
The next