IL&FS Initiates Legal Action Against Tirupur JV

24 Jan 2024 CW Team

IL&FS has escalated its legal dispute with a Tirupur-based joint venture, dragging the matter to court. The move follows ongoing conflicts between IL&FS and the joint venture, indicating a deepening rift in their business relationship.

The specifics of the dispute remain undisclosed, but IL&FS's decision to resort to legal action suggests an attempt to seek resolution through formal channels. Legal experts anticipate a complex case, and the court proceedings will likely shed light on the intricacies of the disagreements between IL&FS and its Tirupur joint venture partner.

The Tirupur joint venture, engaged in urban infrastructure projects, now faces the legal scrutiny initiated by IL&FS. This development raises questions about the future of their collaboration and the potential impact on ongoing and future projects. Stakeholders in the infrastructure sector will closely monitor the court proceedings for insights into the reasons behind the dispute and potential implications for the industry.

IL&FS, undergoing a restructuring process, has been navigating various challenges, and this legal move adds another layer of complexity to its endeavors. The outcome of the legal battle will not only influence the dynamics between IL&FS and its Tirupur partner but may also set precedents for how such disputes are handled within the infrastructure domain in India.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..