NCLT Upholds HDIL's Rights Over Hyderabad Property

21 Aug 2024 CW Team

The National Company Law Tribunal (NCLT) has affirmed Housing Development and Infrastructure Limited's (HDIL) ownership rights over a disputed property in Hyderabad. This verdict resolves a prolonged legal battle surrounding the property, offering HDIL a significant relief in its ongoing efforts to resolve its financial woes.

The ruling came after HDIL faced several challenges regarding its ownership claim on the property, which had been contested in various courts over the years. The NCLT's decision marks a pivotal moment for the company, as it continues its attempts at restructuring and dealing with insolvency proceedings. With this ruling, HDIL can now focus on leveraging the property for its recovery plans.

The property, located in a prime area of Hyderabad, is seen as a valuable asset in HDIL?s portfolio. The company has been embroiled in legal and financial difficulties, and this ruling may provide it with the opportunity to negotiate better terms with creditors or explore development options for the land.

This decision by the NCLT not only reinforces HDIL's property rights but also provides clarity in a case that has seen multiple disputes. HDIL?s management expressed optimism following the ruling, viewing it as a positive step toward resolving its broader financial challenges.

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..