Court Restrains Developer from Property Transfers

24 Sep 2024 CW Team

The Punjab and Haryana High Court has restrained Jarnail Singh Bajwa, the Managing Director of Bajwa Developers Private Limited, from transferring, selling, or disposing of any of his properties, citing numerous pending FIRs. Despite multiple cases, Bajwa has yet to be arrested in any, including one dating back to 2008.

The court's decision follows the discovery of Bajwa’s long-standing evasion of arrest in over 20 cases. Notably, FIR No. 328 from 2008 remains unresolved, along with several others registered between 2017 and 2019. Many of these cases, filed in police stations across Mohali, Kharar, and Rupnagar, include serious charges such as criminal conspiracy, cheating, and violations under the Arms Act.

Justice Sandeep Maudgil has also ordered Bajwa to submit a full list of his movable and immovable assets by September 25. The court criticized the Punjab Police for their lack of action over the years, prompting renewed efforts following a reprimand by the court. Bajwa’s bail had been canceled in October 2023, yet no arrest had been made until his recent detention last month. The case underscores concerns over law enforcement inefficacies.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..