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The Air India Staff Colony Association was challenging a January 25 order passed by the city civil court at Dindoshi in Mumbai that allowed MIAL to demolish the vacant buildings. The high court held that there is no infirmity in the civil court’s order that refused to grant an ad interim relief in favour of the association.
The Bombay High Court has directed parties to maintain status quo on the Air India Staff Colony at Kalina, Santa Cruz, Mumbai. Read more about the court's decision.
On December 19 last year, the High Court had directed CBI and DRI to to look into allegations of over-invoicing by power companies belonging to Adani Group, Essar Group and others.
D S Kulkarni Developers: Apart from Ashdan Properties, the consortium also includes Classic Promoters & Builders and Atul Builders. The resolution professional had received three bids for the resolution from entities including Mantra Properties & Developers and Hemendra Shah-led consortium.
The National Company Law Tribunal has approved a consortium led by Ashdan Developers for the resolution plan of D S Kulkarni Developers. The consortium plans to pay Rs 826.30 crore to the stakeholders of the debt-laden real estate developer. The plan includes upfront payment, non-convertible debentures, and the provision of flats to homebuyers. The plan is approved by over 83.3% of the lenders represented by the committee of creditors.