The bench directed the CBI to register 7 preliminary enquiries, as suggested in the CBI's affidavit. One of the companies against which an enquiry will be registered is Supertech.
The state-owned construction firm has initiated the process to appoint 12 consultants to prepare detailed plans for 16 stalled projects in UP, Uttarakhand, Haryana & Karnataka.
Builders have been arrested and some declared insolvent. But owners are yet to get their flats. They are banding together on WhatsApp, mobilising Twitter storms, visiting consumer courts, and forming forums.
Bringing every project of Supertech under insolvency proceedings will put homebuyers in a state of uncertainty & ‘cause immense hardship’ to them, says top court.
Data shows re-alignment in India’s exports, with Tamil Nadu & Telangana posting strong growth in 2024-25 as traditional heavyweights Gujarat & Maharashtra see declines. Gujarat still leads, though.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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