New Delhi, Oct. 25 -- A Delhi court has upheld criminal proceedings for cheating and criminal conspiracy against real estate developer M3M India Pvt Ltd, as well as its promoters Basant Bansal, Roop Kumar Bansal, Pankaj Bansal, and others. The legal action stems from an alleged Rs.450-crore land fraud case tied to a disputed land exchange deal located in Gurugram.

Principal District and Sessions Judge Anju Bajaj Chandna dismissed the revision petitions that challenged the trial court's decision to take cognisance of offences under IPC Sections 420 (cheating), 120-B (criminal conspiracy), and 34 (common intention).

In an October 17 order, the court said: "The impugned order to the extent that it has taken cognizance of cheating under Sec...