亚博体育官网首页

M3M Directors Seek Halt to Trial
ECONOMY & POLICY

M3M Directors Seek Halt to Trial

Directors of the M3M Group have requested a halt to their ongoing trial related to the "cash-for-favor" scam, citing procedural issues and seeking legal relief. The case, which has garnered significant attention, involves allegations of corruption and illicit financial transactions linked to the company鈥檚 operations.

The directors, in their plea, argue that the proceedings should be paused as they challenge the charges and highlight various legal and procedural discrepancies in the trial process. The case has raised concerns about transparency and ethics within the real estate sector, especially regarding the role of developers in land transactions and regulatory compliance.

M3M Group, known for its high-profile real estate developments in India, has denied all allegations, asserting that they are committed to following legal and ethical practices in their business dealings. The company鈥檚 legal team has strongly opposed the charges and has requested the court to review the validity of the case before proceeding further.

Legal experts suggest that the outcome of this plea could have implications for similar cases within the real estate industry, where concerns about corruption and accountability often come under scrutiny. The court is expected to hear arguments from both sides before making a final decision.

Directors of the M3M Group have requested a halt to their ongoing trial related to the cash-for-favor scam, citing procedural issues and seeking legal relief. The case, which has garnered significant attention, involves allegations of corruption and illicit financial transactions linked to the company鈥檚 operations. The directors, in their plea, argue that the proceedings should be paused as they challenge the charges and highlight various legal and procedural discrepancies in the trial process. The case has raised concerns about transparency and ethics within the real estate sector, especially regarding the role of developers in land transactions and regulatory compliance. M3M Group, known for its high-profile real estate developments in India, has denied all allegations, asserting that they are committed to following legal and ethical practices in their business dealings. The company鈥檚 legal team has strongly opposed the charges and has requested the court to review the validity of the case before proceeding further. Legal experts suggest that the outcome of this plea could have implications for similar cases within the real estate industry, where concerns about corruption and accountability often come under scrutiny. The court is expected to hear arguments from both sides before making a final decision.

Next Story
Infrastructure Urban

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
Infrastructure Urban

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
Infrastructure Urban

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 ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement