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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...
On July 17, the SC asked Supertech to pay Rs 1.25 crore towards refunding 15 homebuyers of the demolished twin towers. The 15 homebuyers had to be paid a sum of Rs 7.04 crore, and currently, Rs 75 lakh remains to be paid
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 Arora's 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.