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.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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