{"id":8162,"date":"2011-01-10T21:09:52","date_gmt":"2011-01-10T15:39:52","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=8162"},"modified":"2011-01-10T21:09:52","modified_gmt":"2011-01-10T15:39:52","slug":"banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","title":{"rendered":"Banks asked to deposit Emaar MGF&#8217;s guarantee money with court"},"content":{"rendered":"<figure id=\"attachment_8163\" aria-describedby=\"caption-attachment-8163\" style=\"width: 318px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8163\" data-permalink=\"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\/emmar-mgf\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?fit=318%2C158&amp;ssl=1\" data-orig-size=\"318,158\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Emmar MGF\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Emmar MGF&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?fit=150%2C74&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?fit=300%2C149&amp;ssl=1\" class=\"size-full wp-image-8163\" title=\"Emmar MGF\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg?resize=318%2C158&#038;ssl=1\" alt=\"\" width=\"318\" height=\"158\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?w=318&amp;ssl=1 318w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?resize=150%2C74&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Emmar-MGF.jpg?resize=300%2C149&amp;ssl=1 300w\" sizes=\"auto, (max-width: 318px) 100vw, 318px\" \/><\/a><figcaption id=\"caption-attachment-8163\" class=\"wp-caption-text\">Emmar MGF<\/figcaption><\/figure>\n<p>The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the Commonwealth Games (CWG) village with its registrar general till the disposal of a case relating to incomplete work at the site.\u00a0<\/p>\n<p>A division bench of Justice Vikramajit Sen and Justice G.P. Mittal asked the banks to cancel two pay orders &#8211; Rs.60 crore by the State Bank of India (SBI) and Rs.33 crore by the State Bank of Patiala (SBP) &#8211; to be issued to Delhi Development Authority (DDA) for encashment, and deposit the amount with the high court registrar general.<\/p>\n<p>&#8220;We direct SBI and SBP to cancel the pay orders and simultaneously deposit the amounts with the registrar general of this court. The disbursement of this sum shall then await till further orders of this court,&#8221; the bench said.<\/p>\n<p>The court had Oct 25, 2010, while approving the Rs.90 crore partial encashment of the bank guarantee by DDA, had asked the housing body not to encash the entire amount totaling Rs.183 crore.<\/p>\n<p>The court had given the approval after DDA informed it that it had already encashed Rs.90 crore.<\/p>\n<p>Emaar MGF has filed an appeal challenging the order of a single judge bench dismissing its plea for restraining DDA from seizing its bank guarantee as damages for not completing the project on time.<\/p>\n<p>DDA had proceeded to seize the bank guarantee on a directive of the union urban development ministry. The ministry had also asked DDA to initiate legal action against the real estate giant for recovery of other expenditure for &#8220;deficiencies&#8221; and &#8220;delays&#8221; in construction of the Games Village.<\/p>\n<p>The direction by the government to DDA had come a day after the civic authority submitted an interim report in which it said \u201cimmediate action\u201d was required against the builder for \u201cnon-execution of the project as per the agreement\u201d.<\/p>\n<p>In the petition, Emaar MGF had countered the allegations and said the \u201cthreat\u201d issued by DDA to encash the entire bank guarantee was illegal as the liquidated damage amount demanded from it was only Rs 83.70 crore.<\/p>\n<p>The company pleaded that DDA had issued a notice to the firm to deposit only Rs 83.70 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the Commonwealth Games (CWG) village with its registrar general till the disposal of a case relating to incomplete work at the site.\u00a0 A division bench of Justice Vikramajit Sen and Justice [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[83],"tags":[1565],"class_list":["post-8162","post","type-post","status-publish","format-standard","hentry","category-banking-finance-law-news","tag-emaar-mgf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks asked to deposit Emaar MGF&#039;s guarantee money with court  - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks asked to deposit Emaar MGF&#039;s guarantee money with court  - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-10T15:39:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Banks asked to deposit Emaar MGF&#8217;s guarantee money with court\",\"datePublished\":\"2011-01-10T15:39:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\"},\"wordCount\":388,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalindia.in\\\/news\\\/wp-content\\\/uploads\\\/2011\\\/01\\\/Emmar-MGF.jpg\",\"keywords\":[\"Emaar-MGF\"],\"articleSection\":[\"Banking &amp; Finance Law News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\",\"name\":\"Banks asked to deposit Emaar MGF's guarantee money with court - Legal News India - Supreme Court &amp; High Court Updates\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalindia.in\\\/news\\\/wp-content\\\/uploads\\\/2011\\\/01\\\/Emmar-MGF.jpg\",\"datePublished\":\"2011-01-10T15:39:52+00:00\",\"description\":\"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage\",\"url\":\"https:\\\/\\\/www.legalindia.in\\\/news\\\/wp-content\\\/uploads\\\/2011\\\/01\\\/Emmar-MGF.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.in\\\/news\\\/wp-content\\\/uploads\\\/2011\\\/01\\\/Emmar-MGF.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking &amp; Finance Law News\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/category\\\/banking-finance-law-news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Banks asked to deposit Emaar MGF&#8217;s guarantee money with court\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banks asked to deposit Emaar MGF's guarantee money with court  - Legal News India - Supreme Court &amp; High Court Updates","description":"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","og_locale":"en_US","og_type":"article","og_title":"Banks asked to deposit Emaar MGF's guarantee money with court  - Legal News India - Supreme Court &amp; High Court Updates","og_description":"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","og_site_name":"Legal News India - Supreme Court &amp; High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2011-01-10T15:39:52+00:00","og_image":[{"url":"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg","type":"","width":"","height":""}],"author":"Legal India Admin","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Banks asked to deposit Emaar MGF&#8217;s guarantee money with court","datePublished":"2011-01-10T15:39:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court"},"wordCount":388,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage"},"thumbnailUrl":"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg","keywords":["Emaar-MGF"],"articleSection":["Banking &amp; Finance Law News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","url":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court","name":"Banks asked to deposit Emaar MGF's guarantee money with court - Legal News India - Supreme Court &amp; High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage"},"thumbnailUrl":"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg","datePublished":"2011-01-10T15:39:52+00:00","description":"The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#primaryimage","url":"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg","contentUrl":"https:\/\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Emmar-MGF.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/banks-asked-to-deposit-emaar-mgfs-guarantee-money-with-court#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Banking &amp; Finance Law News","item":"https:\/\/www.legalindia.com\/news\/category\/banking-finance-law-news"},{"@type":"ListItem","position":3,"name":"Banks asked to deposit Emaar MGF&#8217;s guarantee money with court"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/news\/author\/legal-india-admin"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7169,"url":"https:\/\/www.legalindia.com\/news\/emaar-mgf-moves-court-against-dda-on-bank-guarantee","url_meta":{"origin":8162,"position":0},"title":"Emaar-MGF moves court against DDA on bank guarantee","author":"Legal India Admin","date":"October 25, 2010","format":false,"excerpt":"Emaar-MGF , the private firm which developed the Commonwealth Games Village moved the Delhi High Court against the central government's direction to the Delhi Development Authority (DDA) to confiscate the company's Rs.183 crore bank guarantee. The guarantee was furnished by the builder before taking up the construction of 1,168 flats\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23648,"url":"https:\/\/www.legalindia.com\/news\/emaar-mgf-executive-gets-bail-in-township-case","url_meta":{"origin":8162,"position":1},"title":"Emaar MGF executive gets bail in township case","author":"Legal India Admin","date":"September 25, 2012","format":false,"excerpt":"A special court here Monday granted conditional bail to G. Vijaya Raghava, the finance head (south) of Emaar MGF, in the Emaar-APIIC township case. The special Central Bureau of Investigation (CBI) court granted bail to the accused on the condition that he surrender his passport and appear before the agency\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18286,"url":"https:\/\/www.legalindia.com\/news\/cwg-village-flats-pay-dues-to-dda-court-tells-emaar-mgf","url_meta":{"origin":8162,"position":2},"title":"CWG village flats: Pay dues to DDA, court tells Emaar MGF","author":"Legal India Admin","date":"March 20, 2012","format":false,"excerpt":"The Delhi High Court Monday directed Emaar MGF, which has built the flats in the Commonwealth Games (CWG) Village, to pay over Rs.16 crore dues to Delhi Development Authority (DDA) so that the land owning agency would issue completion certificates for the flats. Justice Hima Kohli also asked the agency\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19809,"url":"https:\/\/www.legalindia.com\/news\/supplementary-charges-filed-in-andhra-township-case","url_meta":{"origin":8162,"position":3},"title":"Supplementary charges filed in Andhra township case","author":"Legal India Admin","date":"April 24, 2012","format":false,"excerpt":"The Central Bureau of Investigation (CBI) Monday filed an additional set of formal charges in the Emaar-APIIC township case in a court here. Businessman Sunil Reddy, said to be an aide of YSR Congress party leader Y.S. Jaganmohan Reddy, and Emaar MGF finance head (south) G.V. Vijaya Raghav have been\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19252,"url":"https:\/\/www.legalindia.com\/news\/hearing-on-raghavas-petition-adjourned","url_meta":{"origin":8162,"position":4},"title":"Hearing on Raghava&#8217;s petition adjourned","author":"Legal India Admin","date":"April 10, 2012","format":false,"excerpt":"The Andhra Pradesh High Court Monday adjourned the hearing on the petition of Emaar MGF finance head (south) G. Vijaya Raghava, challenging further investigations against him in Emaar township case. Justice Subhash Reddy adjourned to April 16 the hearing on the petition. Raghava's counsel raised objection to the Central Bureau\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18118,"url":"https:\/\/www.legalindia.com\/news\/bail-to-ias-officer-in-emaar-case","url_meta":{"origin":8162,"position":5},"title":"Bail to IAS officer in Emaar case","author":"Legal India Admin","date":"March 17, 2012","format":false,"excerpt":"After remaining behind the bars for one-and-half months, Indian Administrative Service (IAS) officer B.P. Acharya came out of jail Friday following the grant of bail by a special court here hearing the Emaar-APIIC township corruption case. Central Bureau of Investigation (CBI) Special Judge B. Naga Murthy Sarma rejected the probe\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/03\/Indian-Administrative-Service-IAS-officer-B.P.-Acharya.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-27E","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/8162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=8162"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/8162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=8162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=8162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=8162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}