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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..