SC grants interim protection to Mumbai builder in cheating case

06 Sep 2024 CW Team

The Supreme Court has granted interim protection from arrest to Mumbai-based developer Rajesh Jain, accused of cheating a doctor by promising a flat in his Wadala (West) project. The interim relief comes after the Bombay High Court rejected his pre-arrest bail plea on August 26.

A bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah issued a notice to the complainant, Dr Bharati Patil, and scheduled the next hearing for October 25. The court directed that no coercive action be taken against Jain, provided he cooperates with the investigation.

The case stems from a 2012 interaction when Jain, representing the Neumac Group, allegedly convinced Dr Patil and her son, Dr Nirmal, to invest in his Neumac Aura project, promising them a flat at a discounted rate. Over the years, Rs 9 million was transferred to Jain?s firm in three installments. In August 2019, Jain issued an allotment letter for a flat, but when the buyers visited the site, no development had taken place. Jain later refused to refund the money and allegedly issued threats.

The Bombay High Court rejected Jain's bail request, citing dishonest intentions. However, Jain's appeal to the Supreme Court argues that the dispute is civil in nature and that he had been willing to refund the money, but negotiations failed due to Dr Patil's demand for 24% penal interest. He also noted that the matter is being adjudicated by MahaRERA, which he claims is the proper forum for resolution.(ET)

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..