Delhi HC Quashes Supertech Director Circulars
ECONOMY & POLICY

Delhi HC Quashes Supertech Director Circulars

In a significant legal development, the Delhi High Court has quashed the lookout circulars (LOCs) issued against the director of Supertech Realtors. This judicial decision marks a notable victory for Supertech, providing relief to its director amidst ongoing legal and regulatory challenges.

The LOCs were initially issued as part of investigations into allegations against the real estate firm. Such circulars are typically used to prevent individuals from leaving the country while under investigation. The quashing of these LOCs by the Delhi High Court signifies a critical turn in the legal proceedings, offering Supertech's director the freedom to travel without restrictions imposed by these circulars.

The court's decision came after a thorough review of the circumstances under which the LOCs were issued. The judge highlighted the importance of ensuring that regulatory measures do not unduly infringe on individual freedoms and rights. The ruling underscores the judiciary's role in balancing regulatory enforcement with safeguarding personal liberties.

In a significant legal development, the Delhi High Court has quashed the lookout circulars (LOCs) issued against the director of Supertech Realtors. This judicial decision marks a notable victory for Supertech, providing relief to its director amidst ongoing legal and regulatory challenges. The LOCs were initially issued as part of investigations into allegations against the real estate firm. Such circulars are typically used to prevent individuals from leaving the country while under investigation. The quashing of these LOCs by the Delhi High Court signifies a critical turn in the legal proceedings, offering Supertech's director the freedom to travel without restrictions imposed by these circulars. The court's decision came after a thorough review of the circumstances under which the LOCs were issued. The judge highlighted the importance of ensuring that regulatory measures do not unduly infringe on individual freedoms and rights. The ruling underscores the judiciary's role in balancing regulatory enforcement with safeguarding personal liberties.

Next Story
Building Material

Viva ACP Secures EPD Certification for Sustainable Cladding

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has announced the successful release of its Environmental Product Declaration (EPD) under the International EPD® System. This milestone affirms Viva’s commitment to sustainability, transparent environmental reporting, and eco-conscious manufacturing. The certification covers Fire-Retardant (FR) Class A2, FR Class B1, and Non-FR ACPs, assessing the environmental performance of 1m² of Viva ACP (4mm thick) throughout its lifecycle—from raw material extraction to end-of-life recycling. The EPD reveals that up to 95..

Next Story
Real Estate

StarBigBloc Gets Shareholders’ Nod for IPO to Fund Expansion

StarBigBloc Building Material, a wholly owned subsidiary of BigBloc Construction Ltd (BSE: 540061), has received shareholder approval to raise funds through an Initial Public Offering (IPO). The move is aimed at unlocking shareholder value, securing growth capital, and potentially enhancing the overall valuation of BigBloc Construction. The IPO proposal was approved during the company’s Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances. “This is a significant mileston..

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?