Supreme Court Upholds HC Decisions

14 Feb 2024 CW Team

In a significant legal development, the Supreme Court of India has chosen not to interfere with the orders issued by various High Courts in the IndiaBulls Housing case. This decision comes after a series of legal battles and regulatory scrutiny surrounding the renowned housing finance company.

The case, which has been a focal point in the real estate and financial sectors, involves allegations and legal challenges against IndiaBulls Housing. Multiple High Courts across the country have been handling different aspects of the case, leading to a complex legal landscape.

The Supreme Court's decision to uphold the High Court orders marks a pivotal moment in the ongoing legal saga. It reinforces the autonomy and authority of the High Courts in dealing with matters related to the IndiaBulls Housing case. The refusal to interfere indicates a reliance on the due process followed by the lower courts.

This ruling carries substantial implications for IndiaBulls Housing and the broader financial market. Investors, stakeholders, and industry observers keenly anticipated the Supreme Court's stance, as it could have influenced the trajectory of the case and the company's future.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..