Plea by Amrapali CMD, two others for visiting homes on Diwali rejected by Supreme Court of India
NEW DELHI: The Supreme Court of India on Wednesday dismissed the plea of the Chief Managing Director (CMD) of Amrapali real estate group Anil Sharma and two other directors seeking permission to visit their homes to celebrate Diwali and other festivals with their family members. The apex court directed that the CMD and two other […]
Supreme Court of India orders sealing on 9 properties at Noida, Greater Noida
NEW DELHI: The Supreme Court on Wednesday ordered the sealing of nine properties of embattled real estate company Amrapali after its three directors, who are in police custody, said that the documents related to the group’s 46 firms were stored there. The three directors moved an application before a bench comprising Justices U U Lalit […]
Supreme Court of India allows ArcelorMittal, NuMetal to bid for Essar Steel
NEW DELHI: The Supreme Court of India on Thursday granted one more opportunity to mining major ArcelorMittal and Russia’s VTB Capital-backed NuMetal to bid for Essar Steel if they clear their Non-Performing Asset (NPA) dues in two weeks. A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible […]
Extremely unfortunate that 5,000 construction workers in Mumbai not registered
NEW DELHI: The Supreme Court of India Monday said it was “extremely unfortunate” that around 5,000 construction workers in Mumbai were not registered under an Act meant for their welfare and directed the Maharashtra government to take action against builders and contractors in this regard. A bench headed by Justice Madan B Lokur asked the […]
Supreme Court of India declares Aadhaar scheme constitutionally valid, strikes down some provisions
NEW DELHI: The Supreme Court of India on Wednesday declared the Centre’s flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions. A five-judge constitution bench headed by Chief Justice Dipak Misra held that while Aadhaar would remain mandatory for filing […]
Lender banks cannot be left hanging for forever: Supreme Court of India
NEW DELHI: “Lenders cannot be left hanging for forever”, the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies, declared non-performing assets (NPAs), are recovered by the banks. A bench of Justices R F Nariman and Indu Malhotra also […]
Supreme Court of India appoints NBCC to construct stalled projects of Amrapali Group
NEW DELHI: The Supreme Court of India on Wednesday appointed state-run NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm. The top court directed the opening of an escrow account in the apex court in which the […]
Supreme Court of India vacates order staying constructions in Madhya Pradesh, Andhra Pradesh and Chandigarh
NEW DELHI: The Supreme Court of India on Tuesday vacated its order staying construction activities in Madhya Pradesh, Andhra Pradesh and Chandigarh for not framing a policy under the Solid Waste Management Rules. A bench of Justices Madan B Lokur and Deepak Gupta passed the order after the counsel appearing for Madhya Pradesh, Andhra Pradesh […]
Supreme Court of India asks Greater NOIDA to deposit Rs 66 crore received from Unitech to refund buyers
NEW DELHI: The Supreme Court of India on Monday asked a local authority in Uttar Pradesh to deposit Rs 66.82 crore, received from realty firm Unitech Ltd, with its registry to refund those who have opted out of one of its housing schemes in the Greater Noida area. A bench headed by Chief Justice Dipak […]