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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..