Showing posts with label SC. Show all posts
Showing posts with label SC. Show all posts

Wednesday, 22 August 2018

Amrapali, Unitech & deferred dreams: SC ensures defaulters will have to pay

Amrapali Group Projects

On Tuesday, the Supreme Court came out with two rulings that sound the bugle against the directors and promoters of defaulting real estate firms. In the first case, the Supreme Court said it would first sell the personal assets of the promoters and directors of Amrapali group to secure over Rs 50 billion for construction of pending projects. The construction will be done by the National Buildings Construction Corporation India Ltd (NBCC). In the second case, it ordered auction of Unitech directors' unencumbered assets to refund money to home buyers.

The SC's latest ruling may come as a relief for the homebuyers who would hope it either fetches them their refund or the house they have already paid for.
Supreme Court on Amrapali

The Supreme Court on Tuesday said that the only way to secure over Rs 51.12 billion from real estate major Amrapali Group for construction of pending projects by the NBCC (India) Ltd is to sell the individual properties of the directors of the company, news agency IANS reported.

Thursday, 3 May 2018

Retired judge slams Centre, moves SC for Justice KM Joseph's elevation

supreme court, sc

A retired district Judge from Solapur, Maharashtra, G D Inamdar has filed a PIL in the Supreme Court seeking Uttarakhand Chief Justice K M Joseph's immediate elevation to the apex court.

The PIL filed by the retired district judge has also sought a direction to the Centre to issue warrants of appointment for Justice Joseph with consequential seniority.

He approached the Supreme Court seeking urgent action on the quashing of the "illegal and unconstitutional" move of the Central government by segregating Justice Joseph's name whose name for elevation had been recommended by the apex court collegium.

"The petitioner is aggrieved by the shocking manner in which the Central Government has unilaterally and capriciously segregated and rejected the name of Hon'ble Justice K M Joseph - recommended by the Collegium for appointment as a Judge of this Hon'ble Court, while at the same time accepting the recommendation for elevation of Ms Indu Malhotra, Senior Advocate, as a Judge of this Hon'ble Court," the petition said.