Cour orders probe in case against Gautam Gambhir
Real Estate

Cour orders probe in case against Gautam Gambhir

In a fresh directive, a Delhi court ordered a renewed investigation after overturning the discharge of former cricketer and current Indian cricket team head coach, Gautam Gambhir, alongside other accused, in a case alleging flat buyers were defrauded. Special Judge Vishal Gogne set aside a previous order by a magisterial court, noting that the earlier judgment demonstrated an "inadequate expression of mind" concerning the allegations against Gambhir. Judge Gogne remarked on 29 October that the allegations warranted further scrutiny of Gambhir's involvement.

The case was initially filed against real estate firms Rudra Buildwell Realty Pvt. Ltd, H R Infracity Pvt Ltd, U M Architectures and Contractors Ltd, and Gambhir, who served as director and brand ambassador for the companies' joint venture. The judge highlighted that Gambhir was the sole accused to have a "direct interface with the investors" due to his brand ambassador role, but noted the magisterial court’s order had not accounted for his financial transactions with Rudra Buildwell Realty Pvt. Ltd, specifically his payment of Rs 6 crore and receipt of Rs 48.5 million from the company.

The chargesheet, Judge Gogne observed, did not clarify whether the payments received by Gambhir had any link to funds from investors. Given that the allegations primarily concerned cheating, both the chargesheet and the prior court order should have examined whether any misappropriated funds were directed to Gambhir.

Additionally, the court noted Gambhir’s extended financial dealings with the company, as he was an additional director from 29 June 2011 to 1 October 2013, which coincided with the period the project was promoted. Although most repayments to him were made after he resigned from the post, the judge found the magisterial court’s findings to be overly broad, combining observations about Gambhir with those regarding other unnamed accused. Consequently, the case was remanded to the magisterial court with instructions to issue a comprehensive fresh order, detailing specific allegations against each accused in relation to the offences and chargesheet evidence.

The accused reportedly promoted a housing project, initially named "Serra Bella" in Indirapuram, Ghaziabad, Uttar Pradesh, which was later rebranded as "Pavo Real" in 2013. The prosecution contended that complainants had booked flats, making payments between Rs 6 lakh and Rs 16 lakh after being persuaded by promotional materials. However, no substantial development occurred on the land, which remained undeveloped until 2016. Complainants later discovered that the project was neither constructed according to the advertised plans nor approved by relevant state authorities. Furthermore, they learned the land was under litigation, with a stay order imposed by the Allahabad High Court on its possession since 2003.

In a fresh directive, a Delhi court ordered a renewed investigation after overturning the discharge of former cricketer and current Indian cricket team head coach, Gautam Gambhir, alongside other accused, in a case alleging flat buyers were defrauded. Special Judge Vishal Gogne set aside a previous order by a magisterial court, noting that the earlier judgment demonstrated an inadequate expression of mind concerning the allegations against Gambhir. Judge Gogne remarked on 29 October that the allegations warranted further scrutiny of Gambhir's involvement. The case was initially filed against real estate firms Rudra Buildwell Realty Pvt. Ltd, H R Infracity Pvt Ltd, U M Architectures and Contractors Ltd, and Gambhir, who served as director and brand ambassador for the companies' joint venture. The judge highlighted that Gambhir was the sole accused to have a direct interface with the investors due to his brand ambassador role, but noted the magisterial court’s order had not accounted for his financial transactions with Rudra Buildwell Realty Pvt. Ltd, specifically his payment of Rs 6 crore and receipt of Rs 48.5 million from the company. The chargesheet, Judge Gogne observed, did not clarify whether the payments received by Gambhir had any link to funds from investors. Given that the allegations primarily concerned cheating, both the chargesheet and the prior court order should have examined whether any misappropriated funds were directed to Gambhir. Additionally, the court noted Gambhir’s extended financial dealings with the company, as he was an additional director from 29 June 2011 to 1 October 2013, which coincided with the period the project was promoted. Although most repayments to him were made after he resigned from the post, the judge found the magisterial court’s findings to be overly broad, combining observations about Gambhir with those regarding other unnamed accused. Consequently, the case was remanded to the magisterial court with instructions to issue a comprehensive fresh order, detailing specific allegations against each accused in relation to the offences and chargesheet evidence. The accused reportedly promoted a housing project, initially named Serra Bella in Indirapuram, Ghaziabad, Uttar Pradesh, which was later rebranded as Pavo Real in 2013. The prosecution contended that complainants had booked flats, making payments between Rs 6 lakh and Rs 16 lakh after being persuaded by promotional materials. However, no substantial development occurred on the land, which remained undeveloped until 2016. Complainants later discovered that the project was neither constructed according to the advertised plans nor approved by relevant state authorities. Furthermore, they learned the land was under litigation, with a stay order imposed by the Allahabad High Court on its possession since 2003.

Next Story
Infrastructure Urban

Consistent reforms will foster growth and reduce investor risk

Incorporated in 1986 as a wholly owned subsidiary of State Bank of India, SBI Capital Markets Ltd (SBICAPS) is a SEBI-registered Category I merchant banker and research analyst. It offers the entire bouquet of investment banking and corporate advisory services under one umbrella, covering project advisory and structured financing, capital markets, mergers and acquisitions, private equity, ESG advisory, startup advisory and stressed assets resolution. Headquartered in Mumbai, SBICAPS has seven regional offices of which six are in India (Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata and New ..

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?