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Nominal Index [Citations: 2023 LiveLaw (SC) 844-944]Pankaj Bansal v. Union of India, Basant Bansal v. Union of India 2023 LiveLaw (SC) 844Aditya Khaitan & Ors. V. IL and FS Financial Services Limited...
SC expresses surprise at Bombay HC's order refraining from granting interim relief on ground of alternate remedy aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
The High Court was found to have admitted a matter for hearing, only for it to refuse considering whether any interim relief should be granted since the "petitioner is having alternate remedy."
India News: The Supreme Court has expressed its surprise in a recently passed decision when it noted that the Bombay High Court in an order refrained from grantin
Get latest articles and stories on India at LatestLY. The Supreme Court has expressed its surprise in a recently passed decision when it noted that the Bombay High Court in an order refrained from granting relief to petitioner observing there is an alternate remedy. India News | SC Expresses Surprise at Bombay HC's Order Refraining from Granting Interim Relief on Ground of Alternate Remedy.
The Supreme Court has expressed surprise at an order of the Bombay High Court that first admitted a writ petition but then refused to consider prayer for interim relief on the ground that an alternate...
Supertech ORB: Already, thousands of homebuyers at Supertech's 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.
The order was passed in a plea filed by Assets Care and Reconstruction Enterprises Limited (ACRE) for defaulting in repayment of a debt of Rs. 482 crore, which includes both principle and interest
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 company's 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 company's promoter is currently in jail on charges of money laundering and cheating home buyers. The lender has terminated a settlement agreement and recalled a loan of Rs 482 crore.
CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.