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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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

Atal Setu Records Daily Traffic Below Projections in First Year

India’s longest sea bridge, Atal Setu, which connects Sewri in Mumbai to Chirle in Navi Mumbai, has reported an average daily traffic of 22,689 vehicles in its first year, falling short of the initial projection of 56,000 vehicles per day. The 22-kilometer bridge, inaugurated by Prime Minister Narendra Modi on January 12, 2024, was constructed at a cost of Rs 178.4 billion and is hailed as a milestone in Maharashtra’s infrastructure development. According to the Mumbai Metropolitan Region Development Authority (MMRDA), the Atal Setu, formerly known as the Mumbai Trans Harbour Link (MT..

Next Story
Infrastructure Transport

Railway Board Tightens Rules for Bridge Design After Pamban Lapses

The Railway Board has mandated all zones to inform the Commissioner of Railway Safety (CRS) about the special features of significant and innovative bridges during the design phase. This directive, issued on January 10, follows findings from Southern Circle Railway Safety Commissioner AM Chowdhary, who identified critical lapses in the construction of the newly built Pamban Bridge. The Pamban Bridge, India’s first vertical-lift rail bridge, connects the mainland to Rameswaram Island in Tamil Nadu. Its construction came under scrutiny last November when the CRS flagged issues prior to gr..

Next Story
Infrastructure Urban

IISc and Tata Group to Launch Rs 5 Billion Medical School in Bengaluru

The Indian Institute of Science (IISc), Bengaluru, and the Tata Group have announced a partnership to establish the Tata IISc Medical School on the IISc Bengaluru campus. As part of the collaboration, the Tata Group will contribute Rs 5 billion to support the development of the institution. The Tata IISc Medical School is envisioned as a centre of excellence that combines basic science and engineering with clinical research and medical education. It will specialize in areas such as oncology, cardiology, neurology, nephrology, diabetes and metabolic disorders, infectious diseases, integrat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000