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.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..