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

04 Nov 2025

Madhya Pradesh Launches PM Shri Tourism Helicopter Service

Madhya Pradesh has achieved a national first by launching the PM Shri Tourism Helicopter Service, establishing India’s first intra-state air connectivity. Chief Minister Dr Mohan Yadav inaugurated the service at Raja Bhoj International Airport, Bhopal, marking a significant step towards transforming the state’s tourism infrastructure. Following the launch, four helicopters departed for Ujjain, symbolising the start of regional air tourism. The initiative, led by the Madhya Pradesh Tourism Board, will operate under a Public-Private Partnership (PPP) model, connecting the state’s key reli..

Garuda Aerospace CEO Honoured by Tamil Nadu Governor

Chennai, 3 November 2025: Agnishwar Jayaprakash, Founder and Chief Executive Officer of Garuda Aerospace, was felicitated by Tamil Nadu Governor Thiru R.N. Ravi for his exceptional contribution to India’s drone technology ecosystem. The recognition was presented during the Foundation Day celebrations of several States and Union Territories at Bharathiar Mandapam, Raj Bhavan, in Chennai. The honour acknowledges Jayaprakash’s leadership in strengthening the country’s unmanned aerial vehicle (UAV) capabilities and his efforts in harnessing technology for social good. He was also recognised..

Hindustan Zinc’s EcoZen Delivers 75 per cent Lower Carbon Emissions

Udaipur, 3 November 2025: Hindustan Zinc, the world’s largest integrated zinc producer and among the top five global silver producers, has reinforced its sustainability leadership with EcoZen, Asia’s first low-carbon zinc brand. The innovation achieves over 75 per cent lower carbon intensity than conventional zinc, setting new standards in green manufacturing and industrial decarbonisation. Produced using renewable energy and certified under REACH standards, EcoZen helps avoid an estimated 400 kg of carbon emissions for every tonne of steel galvanised. It supports India’s Viksit Bharat ..