Alka Verma –

Published on: September 5, 2021, at 10:30 IST

Two cases have been filed against the directors of Appu Ghar for Fraud and Cheating.

The investors of the project filed a case against the developers claiming that the size of shops was reduced and the cost were increased from past few years.

The investors also claimed that the developers made illegal agreements and also failed to provide guaranteed return.

The FIR was filed following the Order of a Local Court.

One of the investors, Sanjiv Bhatia professed that they were captivated with advertisements by International Recreation & Amusement Limited (IRAL), the holding company of the Appu Ghar, which claimed that they were allotted 42 acres of land for the development of this project.

“However, we came to know from an RTI response in February 2021 that IRAL did not bid for the land at all. Another company belonging to the promoters, International Amusement Ltd (IAL), was allotted the land, while IRAL was executing the lease agreement with the investors,” stated Bhatia who booked a part of property in 2014.

According to Bhatia, the project failed to pull off till 2017 and another agreement reducing the size of the unit and increasing the cost was made.

Another investor, Vishal stated, “IRAL started sub-leasing of commercial retail shops while it had no rights to execute any sub-lease. All such deeds executed were illegal as the IRAL was formed six months after the allotment of land was made to IAL.

It is said that in the name of project, the company took a lot of money and never gave the guaranteed returns which they claimed.

Now, on the directions of Chief Judicial Magistrate (CJM) of Gurgaon, cases of Cheating (Section 420), Criminal breach of Trust (Section 409) and many more, under the provision of IPC has been booked against IRAL and 16 others, including the directors and senior management of the company.

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