Supertech Chairman Granted Bail in Case

07 Jun 2024 CW Team

Arora was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The agency alleged that he was involved in diverting funds collected from homebuyers and using them for other purposes, thereby defrauding numerous investors. The arrest was part of a broader investigation into the financial practices of Supertech and its associated entities.

The bail was granted after Arora's legal team argued that the allegations were based on misconstrued facts and that there was no substantial evidence linking him directly to the alleged laundering activities. They contended that Arora had fully cooperated with the investigation and that his detention was unwarranted. The court, after considering these arguments, decided to release him on bail with certain conditions, including the surrender of his passport and regular attendance at the ED's office.

This ruling has come as a relief to Supertech, which has been facing financial troubles and a crisis of confidence among its stakeholders. The company has been working on restructuring its operations and addressing the grievances of homebuyers to regain trust and ensure the completion of its pending projects.

Supertech's legal woes have had a significant impact on the real estate market, highlighting the need for greater transparency and regulatory oversight. The case has also drawn attention to the plight of homebuyers who have been left in the lurch due to delays and financial mismanagement by real estate developers.

As the legal proceedings continue, stakeholders in the real estate sector will be closely monitoring the developments. The outcome of this case could set a precedent for future regulatory actions and influence the operational dynamics of real estate firms in India.

In a significant legal development, Delhi's Patiala House Court has granted bail to Supertech's Chairman, R K Arora, in a high-profile money laundering case. Arora was accused of engaging in financial irregularities and misappropriating funds related to the real estate projects undertaken by the company. Arora was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The agency alleged that he was involved in diverting funds collected from homebuyers and using them for other purposes, thereby defrauding numerous investors. The arrest was part of a broader investigation into the financial practices of Supertech and its associated entities. The bail was granted after Arora's legal team argued that the allegations were based on misconstrued facts and that there was no substantial evidence linking him directly to the alleged laundering activities. They contended that Arora had fully cooperated with the investigation and that his detention was unwarranted. The court, after considering these arguments, decided to release him on bail with certain conditions, including the surrender of his passport and regular attendance at the ED's office. This ruling has come as a relief to Supertech, which has been facing financial troubles and a crisis of confidence among its stakeholders. The company has been working on restructuring its operations and addressing the grievances of homebuyers to regain trust and ensure the completion of its pending projects. Supertech's legal woes have had a significant impact on the real estate market, highlighting the need for greater transparency and regulatory oversight. The case has also drawn attention to the plight of homebuyers who have been left in the lurch due to delays and financial mismanagement by real estate developers. As the legal proceedings continue, stakeholders in the real estate sector will be closely monitoring the developments. The outcome of this case could set a precedent for future regulatory actions and influence the operational dynamics of real estate firms in India.

Infrastructure Transport

12 Dec 2025

Railways Boosts Cyber Security And Fairness In Ticket Bookings

Indian Railways has said its reservation ticketing system is a robust and highly secure IT platform equipped with state-of-the-art cyber security measures. The national transporter has introduced several initiatives to enhance system performance and improve access to regular and tatkal tickets. A key step has been the large-scale revalidation and verification of user accounts. Since January 2025, around 30.2 million suspicious user IDs have been deactivated. Anti-bot tools such as Akamai have been deployed to filter non-genuine users, ensuring smoother booking for legitimate passengers. To c..

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

Equipment

12 Dec 2025

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..