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NCLT admits insolvency plea against Supreme Housing & Hospitality
The National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm faces dues exceeding Rs 567 crore. This follows multiple failed settlement attempts and prolonged litigation.
SpiceJet seeks Supreme Court approval to submit land title as security
SpiceJet has challenged the Delhi High Court's May 4 and March 18 orders rejecting its request to furnish an unencumbered plot of land in Gurugram as security. The HC had directed the airline to immediately comply with its earlier order to deposit the amount and imposed a cost of ₹50,000 for repeatedly seeking modification of the deposit direction.
SpiceJet moves Supreme Court against ₹144.5 crore deposit order in Maran dispute
The airline has challenged a Delhi High Court directive requiring an immediate deposit in its long-running arbitration battle with Kalanithi Maran and KAL Airways, citing mounting financial stress and disruptions linked to the West Asia conflict.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers' claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.
Rani Kapur moves Supreme Court over family trust-linked board meeting
The new application, reviewed by Mint, asked the court to restrain Kapur's widow, Priya Kapur, and other respondents from changing the management structure, appointing new directors, altering bank signatories, or taking financial decisions
Supreme Court agrees to hear IEX plea against power market coupling order
The Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required to respond to the appeal.
'Maybe he was cheated': Anil Ambani's lawyers respond as SC hears ₹27,300 crore bank fraud probe
The Supreme Court heard the Reliance Communications case as CBI alleged ₹27,300 crore fund diversion, while Anil Ambani’s lawyers questioned the investigation and attachments.
Alpha Corp to take over three stuck projects following Supreme Court approval
The Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to over 3,000 homebuyers. Alpha Corp will invest Rs 750 crore to finish the projects, with no extra cost to buyers.
Zaggle signs 3-year agreement with Supreme Industries for Zaggle Propel platform
Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹255.20, up by ₹13.15, or 5.43%, on the BSE.
Supreme Court directs MSEDCL to pay ₹250 crore to JSW Energy in tariff dispute
Shares of JSW Energy Ltd ended at ₹562.00, down by ₹0.65, or 0.12%, on the BSE.
Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SC
The Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and financial institutions. Homebuyers have waited years for their dream homes. The court is investigating where homebuyers' money went. The former promoters allegedly parked funds in tax-haven countries. The court aims to ensure homes are delivered.
Supreme Industries Q4 Results: Stock gives up gains despite margin expansion after volume miss
Supreme Industries has also proposed to commit capex worth over ₹1,000 crore during financial year 2026-2027, including carry-forward commitments from the previous year.