ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

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 Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement