Delhi Court Rejects Default Bail Plea of Unitech's Ex-Promoters in ED Case

19 Apr 2024 CW Team

A Delhi court has dismissed the default bail plea filed by the former promoters of Unitech Limited in a case pursued by the Enforcement Directorate (ED). This decision underscores the judicial scrutiny surrounding allegations of financial irregularities against the ex-promoters of the real estate company.

The rejection of the default bail plea indicates the court's stance on the gravity of the charges and the need for further investigation into the alleged financial misconduct. The case against the former promoters highlights the regulatory scrutiny faced by entities operating in the real estate sector.

Unitech Limited, once a prominent player in the Indian real estate market, has been embroiled in legal troubles stemming from allegations of financial mismanagement and non-compliance with regulatory norms. The court's decision to deny default bail reflects the seriousness with which such allegations are being addressed.

The legal proceedings against the former promoters of Unitech Limited underscore the importance of accountability and transparency in corporate governance. As regulatory authorities intensify their scrutiny of the real estate sector, stakeholders are expected to adhere to stringent compliance standards to maintain investor trust and uphold market integrity.

The court's ruling signifies a significant development in the ongoing legal saga surrounding Unitech Limited and its former promoters. It underscores the complexities of corporate governance and regulatory enforcement in the real estate industry, emphasising the need for robust mechanisms to address financial improprieties and protect stakeholders' interests.

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..