Legal Victory for Indiabulls Housing

19 Feb 2024 CW Team

In a significant legal development, the National Company Law Tribunal (NCLT) has dismissed a lawsuit demanding a probe into the affairs of Indiabulls Housing. The ruling comes as a relief for the real estate giant, which has faced allegations and regulatory scrutiny in recent times.

The NCLT's decision underscores the regulatory framework's confidence in Indiabulls Housing's adherence to legal and financial norms. Investors, who have closely monitored the proceedings, can now breathe a sigh of relief as the company navigates through a challenging period.

The lawsuit, which sought an investigation into various aspects of Indiabulls Housing's operations, had created uncertainty among stakeholders. However, the tribunal's dismissal provides a legal stamp of approval, potentially boosting confidence in the company's financial stability.

This decision is crucial not only for Indiabulls Housing but also for the broader real estate sector, as it sets a precedent for handling legal challenges within the industry.

As the real estate landscape continues to evolve, regulatory interventions play a pivotal role in shaping investor sentiment.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..