Tag: M3M Group

Latest StoriesRegulatory

Punjab & Haryana HC Chief Justice Steps Down from M3M Case

Punjab and Haryana High Court CHANDIGARH: Chief Justice Sheel Nagu of the Punjab and Haryana High Court has recused himself from a plea aimed at quashing a corruption case against real estate developer Roop Bansal. On April 17, 2023, Bansal, director of M3M real estate, filed a petition against an FIR registered by the Haryana Anti-Corruption Bureau under the Prevention of Corruption Act in Panchkula. During a hearing on July 3, the Chief Justice questioned the petitioner’s counsel regarding any objections to his involvement after the matter was withdrawn from a single judge’s review. The counsel indicated that their client…

Latest StoriesRegulatory

SC Approves M3M Group’s Request to Substitute Attached Property

Supreme Court NEW DELHI: The Supreme Court has granted M3M Group’s request to substitute a property initially attached by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002. A bench consisting of Justices P S Narasimha and R Mahadevan ruled that the property substitution is contingent upon nine conditions recommended by the ED. The bench stated, “We have heard Dr. Abhishek Manu Singhvi, senior counsel for the petitioner, and have considered the matter thoroughly. The petitioners, M/s. M3M India Pvt. Ltd. and M/s. M3M India Infrastructure Pvt. Ltd., have submitted an affidavit agreeing to the stipulations. While we…