Cour orders probe in case against Gautam Gambhir
04 Nov 2024
3 Min Read
CW Team
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鈥檚 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鈥檚 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鈥檚 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鈥檚 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鈥檚 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鈥檚 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
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..