Page 4 - Supertech Ltd News Today

The Enforcement Directorate (ED) has conducted extensive searches at the premises of DLF in Gurugram.

Companies Act, 2013 - Upholds the constitutionality of Section 327(7) of the Companies Act, which excludes workers dues from priority payment in the event of liquidation of a company under the...

The real estate industry is one of the thriving sectors in the modern business world. There are three parties in the real estate business – the real estate companies and their promoters (who develop...

Supertech ORB: Already, thousands of homebuyers at Supertechs other project - along the Noida-Greater Noida Expressway - have suffered a setback after the twin towers were erased for faulty construction and violation of rules.

Supertech ORB, a real estate company constructing luxury apartments in Delhi-NCR, has been admitted for bankruptcy resolution. This could lead to a delay in possession for homebuyers. The companys other project, along the Noida-Greater Noida Expressway, has already faced setbacks due to faulty construction. The Allahabad National Company Law Tribunal has appointed an interim resolution professional for Supertech ORB. The companys promoter is currently in jail on charges of money laundering and c...

R K Arora, the chairman and promoter of Supertech Group, has been denied "default bail" in a money laundering case by a Delhi court. The court dismissed Aroras application for bail, stating that the investigation against him had been completed. Arora was arrested in June under the Prevention of Money Laundering Act. The case against Supertech Group, its directors, and promoters involves allegations of criminal conspiracy, cheating, and money laundering.

Additional Sessions Judge Devender Kumar Jangala ruled that the Enforcement Directorate (ED) had, in fact, concluded its investigation against Arora.

A Delhi court has denied 'default bail' to RK Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case.

Supertech Group: Additional Sessions Judge Devender Kumar Jangala dismissed the application moved by Arora which argued he should be granted bail since the central probe agency had filed an incomplete charge sheet against him.

The ED has been probing 26 FIRs registered by the Economic Offences Wing of Delhi, Haryana and Uttar Pradesh police against Supertech Ltd and its group companies