SC issues notice to demolish Supertech twin towers in Noida

01 Sep 2021 CW Team

The Supreme Court's order to demolish Supertech's twin towers in Noida was hailed by homebuyers' group FPCE on Tuesday, who said the decision would deter both builders and development authorities from wrongdoing.

The Forum for People's Collective Efforts (FPCE) was instrumental in the passage and implementation of the Real Estate Reform Act (RERA) in all 50 states.

The Supreme Court on Tuesday ordered the demolition of twin 40-storey towers in Supertech Ltd's Emerald Court project in Noida for violating building by-laws in collusion with authority officials, dealing a blow to the real estate giant. Apex and Ceyane, two towers of Supertech's Emerald Court Project in Sector 93, have a total of 915 apartments and 21 shops.

The apex court also ordered that home buyers' deposits be refunded with 12% interest from the time of booking and that the Residents Welfare Association be compensated with Rs 2 crore for the harassment caused by the twin towers' construction.

Homebuyers must be refunded their money, plus interest, by the judgement, according to FPCE President Abhay Upadhyay, who told the media that they should not have to chase their money down.

The Rs 2 crore compensation awarded to the Resident Welfare Association is also unprecedented, and it will undoubtedly encourage and motivate others to pursue legal action against builders for any wrongdoing involving common areas, as well as missing facilities and amenities.

The judgement, according to Nishit Dhruva, Managing Partner, MDP and Partners, Lawyers and Solicitors, is a wake-up call for builders not to act on sanctioned plans that are shrouded in suspicion, as well as for planning authorities to maintain the integrity attached to their office.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..