+
Supreme Court Upholds HC Decisions
ECONOMY & POLICY

Supreme Court Upholds HC Decisions

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.

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.

Next Story
Infrastructure Urban

Infosys, Routematic Launch Pune’s First Green Commute Fleet

Infosys and Routematic have introduced Pune’s first fully petrol- and diesel-free corporate transport fleet. The initiative makes Routematic the only corporate transport provider in the city to operate entirely on green energy.The fleet, comprising four- and six-seater CNG and electric vehicles, aims to reduce emissions and ease traffic congestion in a city already grappling with high pollution levels. IQAir’s 2024 report lists 13 Indian cities among the world’s 20 most polluted.Routematic Founder and CEO Sriram Kannan said the company is proud to lead sustainable corporate mobility by b..

Next Story
Infrastructure Transport

Pune Metro to Complete PCMC–Nigdi Extension Six Months Early

Pune Metro is expediting work on the Phase One extension from PCMC to Bhakti Shakti in Nigdi, aiming to complete the 4.4 km elevated corridor six months ahead of schedule. The extension will add new stations at Chinchwad, Akurdi and Nigdi. Although the foundation stone was laid by Prime Minister Narendra Modi in March 2024, construction began in August that year.Executive Director Hemant Sonawane confirmed that the civil work is progressing rapidly, with a revised completion target of 30 months instead of the original 36. Administrative procedures for escalators, lifts and overhead cables have..

Next Story
Real Estate

Signature Global Gets CARE A+ Rating for Rs 8.75-Billion NCD Issue

Signature Global (India), a leading real estate company, has received a CARE A+ rating with a Stable outlook from CareEdge Ratings for its proposed long-term Non-Convertible Debenture (NCD) issue of Rs 8.75 billion. The funds will be used to refinance existing debt and support business expansion. The rating reflects the company's steady sales and collections, backed by over 146 lakh sq ft of developed residential and commercial space, timely delivery of projects, and diversification across project stages. In FY25, Signature Global recorded a 42 per cent year-on-year increase in booki..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?