Delhi HC Quashes Lookout Circulars Against Supertech Realtors' Director
ECONOMY & POLICY

Delhi HC Quashes Lookout Circulars Against Supertech Realtors' Director

In a significant legal development, the Delhi High Court has ruled to quash the lookout circulars that were issued against the director of Supertech Realtors. This decision comes amid regulatory scrutiny and legal proceedings involving the real estate company.

The lookout circulars, which had been issued by authorities, were challenged in court by the director of Supertech Realtors. The Delhi High Court's decision to invalidate these circulars represents a legal victory for the director, effectively overturning restrictions on international travel imposed by the circulars.

The court's ruling underscores procedural fairness and adherence to legal principles in matters concerning regulatory actions against corporate entities and their officials. It highlights the importance of due process and judicial oversight in resolving disputes arising from regulatory investigations.

Supertech Realtors, a prominent player in the real estate sector, has been involved in various legal and regulatory issues pertaining to its operations. The quashing of the lookout circulars is expected to have significant implications for the ongoing legal proceedings and regulatory environment surrounding the company.

This ruling by the Delhi High Court marks a pivotal moment in the legal battle for Supertech Realtors and its director, signalling a shift in the regulatory landscape and emphasising the role of judicial review in safeguarding individual rights amidst regulatory actions.

In a significant legal development, the Delhi High Court has ruled to quash the lookout circulars that were issued against the director of Supertech Realtors. This decision comes amid regulatory scrutiny and legal proceedings involving the real estate company. The lookout circulars, which had been issued by authorities, were challenged in court by the director of Supertech Realtors. The Delhi High Court's decision to invalidate these circulars represents a legal victory for the director, effectively overturning restrictions on international travel imposed by the circulars. The court's ruling underscores procedural fairness and adherence to legal principles in matters concerning regulatory actions against corporate entities and their officials. It highlights the importance of due process and judicial oversight in resolving disputes arising from regulatory investigations. Supertech Realtors, a prominent player in the real estate sector, has been involved in various legal and regulatory issues pertaining to its operations. The quashing of the lookout circulars is expected to have significant implications for the ongoing legal proceedings and regulatory environment surrounding the company. This ruling by the Delhi High Court marks a pivotal moment in the legal battle for Supertech Realtors and its director, signalling a shift in the regulatory landscape and emphasising the role of judicial review in safeguarding individual rights amidst regulatory actions.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?