Delhi Court Denies Supertech Chairman's Bail Extension

14 May 2024 CW Team

A Delhi court has refused to extend the interim bail of the chairman of Supertech Limited, dealing a blow to the real estate company's leadership. The decision comes amidst ongoing legal proceedings against the chairman, further complicating the company's situation.

The denial of bail extension indicates the court's stance on the severity of the charges against the Supertech chairman and underscores the legal challenges faced by the company. It reflects the court's commitment to ensuring justice and adherence to legal procedures.

The chairman's bail extension denial is likely to have ramifications for Supertech Limited, as it could affect the company's leadership and operational continuity. It may also impact investor confidence and raise concerns among stakeholders about the company's stability and governance.

The decision by the Delhi court highlights the complexities involved in the legal proceedings against Supertech Limited and its leadership. It underscores the need for transparency and accountability in the real estate sector, particularly in cases involving allegations of wrongdoing or legal violations.

Overall, the refusal to extend the Supertech chairman's interim bail underscores the challenges faced by the company and its leadership in navigating legal proceedings. It underscores the importance of upholding the rule of law and ensuring fair and impartial justice in all legal matters.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..