India, Feb. 3 -- A Delhi court last week summoned the directors of real estate developer M3M India Pvt. Ltd., accused of allegedly inducing a competing real estate firm into a fraudulent land deal in Gurugram valued at around Rs.450 crore.

On January 31, chief judicial magistrate Harshita Mishra of Tis Hazari Courts took cognisance of a chargesheet filed by the Delhi Police's Economic Offences Wing (EOW) in March 2022, based on the complaint filed by MGF Developments Ltd., against M3M India and its directors, including Basant Bansal, Roop Bansal and Pankaj Bansal, among several subsidiaries and allied companies.

The order read, "It prima facie appears that the accused induced the complainant company in entering into an agreement qua the...