Delhi court upholds cheating case against M3M, its promoters in ₹450-crore land dispute
A Delhi court has upheld cheating and criminal conspiracy charges against M3M India and its promoters in a ₹450-crore land dispute case. While the court maintained the fraud charges, it dismissed the criminal breach of trust allegations, ordering the accused to appear before a magistrate.
Why it matters
This legal development impacts the real estate sector in India and underscores the judicial scrutiny applied to large-scale corporate land transactions.
Delhi court upholds cheating case against M3M, its promoters in ₹450-crore land dispute The accused have been asked to appear before the Chief Judicial Magistrate on October 27, 2026 New Delhi A Delhi court has upheld the cheating and criminal conspiracy proceedings against M3M India Pvt. Ltd., its promoters Basant Bansal, Roop Kumar Bansal and Pankaj Bansal, and others in an alleged ₹450-crore land fraud case. Principal District and Sessions Judge Anju Bajaj Chandna passed the order while hearing revision petitions filed by M3M India Pvt. Ltd., its promoters, challenging the trial court's order taking cognisance of the offences. The case relates to allegations by MGF Developments Ltd. that M3M and its group companies obtained rights over around 31 acres of land in Chauma village in Gurugram without paying the full consideration agreed upon in a land exchange deal.
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