Tag: Supreme Court

Investor Moves SC against Troubled Sahara

Leading Sahara firms in to greater troubles and crises, a Delhi based Investor has approached the Supreme Court. An investor from Delhi has approached Supreme Court against the Sahara firms with whom the investor had investment. The investor requested the SC to direct the Sahara firms to repay his investment. Though this is the first […]

Supreme Court Refuses To Hear Sahara’s Review Appeal

Sahara’s appeal to review the refund – case was turned down by the Supreme Court which said that there are no valuable reasons for the review. Sahara had appealed to the Supreme Court to review the penalty imposed on the firms. Earlier in 2012 June, Supreme Court had fined Sahara Housing Investment Corporation Ltd (SHICL) […]

Sahara Real Estate Firms Granted More Time to Pay Off

Sahara Real Estate Firms were granted more time to pay off the fine. SC asked the market regulator of Securities and Exchange- SEBI, to agree their extension application. Sahara Real Estate Firms finally breathed some air of relaxation. Supreme Court accepted Sahara’s plea and asked SEBI to more time to pay off the amount. As per […]

Farmers Go On Rampage

After the Allahabad high court rejected the review petition of villagers in Noida Extension, a small section of farmers unhappy with the order went on a rampage targeting projects of several builders. Other farmers were, however, happy that the Allahabad high court had turned down the plea made by the Greater Noida Authority in its […]

Power Of Attorney For All the Property Deals got Banned

In an order that puts thousands of property transactions in Delhi under a cloud, the revenue department has made all realty sales through transfer of general power of attorney null and void with retrospective effect from October last year. The order, dated April 27, directs all 13 sub-registrar offices, DDA and NDMC to follow the […]

Hotels In Chennai And Kolkata By ITC

ITC is ramping up its hospitality business with new hotels in Chennai and Kolkata. The tobacco-to-snacks major would build a 1.2 million sq ft hotel in Kolkata at an estimated investment of Rs 860 crore and has already started work on the 600-room property ‘Grand Chola’ in Chennai. Besides, ITC has bought land for building […]