Court rejects Gayatri Projects promoters' plea
Real Estate

Court rejects Gayatri Projects promoters' plea

Gayatri Projects faces insolvency as the Supreme Court dismisses promoters' plea, allowing the insolvency proceedings to move forward. In a recent development reported by Moneycontrol, the court has rejected the appeal made by the promoters of Gayatri Projects, signaling a decisive step in the insolvency proceedings.

The Supreme Court's decision reinforces the legal course of action, prioritising the resolution process for the financially distressed company. The article details the implications of the court's dismissal of the promoters' plea, shedding light on the challenges and opportunities that lie ahead for Gayatri Projects.

The insolvency case surrounding Gayatri Projects has been a subject of significant attention in the business world. The court's decision not only impacts the company's fate but also sets a precedent for how insolvency matters are dealt with in similar contexts.

The report on Moneycontrol succinctly captures the essence of the Supreme Court's ruling, providing concise insights into the unfolding situation. As Gayatri Projects moves closer to insolvency, the business community watches closely, observing the broader implications of this legal decision on corporate insolvency proceedings in India.

Gayatri Projects faces insolvency as the Supreme Court dismisses promoters' plea, allowing the insolvency proceedings to move forward. In a recent development reported by Moneycontrol, the court has rejected the appeal made by the promoters of Gayatri Projects, signaling a decisive step in the insolvency proceedings. The Supreme Court's decision reinforces the legal course of action, prioritising the resolution process for the financially distressed company. The article details the implications of the court's dismissal of the promoters' plea, shedding light on the challenges and opportunities that lie ahead for Gayatri Projects. The insolvency case surrounding Gayatri Projects has been a subject of significant attention in the business world. The court's decision not only impacts the company's fate but also sets a precedent for how insolvency matters are dealt with in similar contexts. The report on Moneycontrol succinctly captures the essence of the Supreme Court's ruling, providing concise insights into the unfolding situation. As Gayatri Projects moves closer to insolvency, the business community watches closely, observing the broader implications of this legal decision on corporate insolvency proceedings in India.

Next Story
Infrastructure Transport

Indian Railways completes launch of world’s tallest railway pier bridge

In a major engineering milestone, Indian Railways has successfully completed the launching for all eight spans of the world’s tallest railway pier bridge on the Jiribam–Imphal railway line. The development was announced by Union Railway Minister Ashwini Vaishnaw via a post on social media platform X. The bridge, located in the Khongsang–Noney section of the Jiribam–Imphal Capital Connectivity Project, features a total of eight spans—comprising 1 x 71.5 metres, 5 x 106 metres, another 71.5 m span, and a 30 m span. The tallest pier of the bridge rises to a height of 141 m, making ..

Next Story
Infrastructure Urban

Enlight Metals brings AI efficiency to India's steel trade

Pune-based metal aggregator Enlight Metals is transforming the traditionally unorganised steel trading sector by embedding artificial intelligence (AI) across its operations. Faced with challenges like unpredictable demand, stockouts, and slow customer responses, the company has adopted AI-driven tools to streamline functions from inventory to customer engagement. By integrating AI with its CRM and ERP platforms, Enlight Metals has achieved a 40 per cent improvement in customer response time and a 25 per cent reduction in stockouts. The system prioritises customer queries from WhatsApp an..

Next Story
Infrastructure Urban

NMDC Drives Rural Transformation Through Education Initiatives

NMDC, India’s largest iron ore producer and a Navratna PSU, is quietly transforming rural India through its long-standing investment in education. With a total CSR contribution exceeding Rs 26 billion over the past two decades, NMDC has channelled more than Rs 6.9 billion into education initiatives alone, supporting over 1 lakh students annually in Chhattisgarh and Karnataka. “At NMDC, community development is a core part of our identity. By significantly increasing our CSR contribution in education year after year, we are educating not just an individual but a whole family, their gen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?