Tag: Indore

Latest StoriesRegulatory

NCLAT: Creditors Can Appoint Liquidator, Not NCLT

NEW DELHI: The authority to appoint a liquidator for a company in debt undergoing insolvency procedures lies solely with the Committee of Creditors (CoC), not the National Company Law Tribunal (NCLT), in instances where a Resolution Professional has not provided written consent, as per the National Company Law Appellate Tribunal (NCLAT). In a ruling concerning two similar cases where the NCLT had appointed liquidators for two struggling companies, the NCLAT overturned those decisions, emphasizing that “only the CoC has the authority to select a candidate to replace the RP.” The NCLAT clarified that while the NCLT serves as the designated…

InfrastructureLatest Stories

Indore: 140 Houses Demolished in Malviya Nagar for Roads

INDORE: The Indore Municipal Corporation (IMC) has demolished portions of 140 houses on Street Number 2 in Malviya Nagar to facilitate road widening as part of the Master Plan. This extensive operation aims to remove obstacles for the MR-9 to LIG Link Road, which will function as a parallel route to Ring Road and AB Road between C21 Mall and LIG Square. The IMC deployed five earth movers and five excavators during this operation, successfully clearing the area needed for a 60-foot (18-meter) wide road. While some residents voiced their distress, others recognized the necessity of the broader road, confirming…

InfrastructureLatest Stories

Indore: Parts of 11 Homes Demolished in Guru Govind Colony

Representative image INDORE: The Indore Municipal Corporation (IMC) demolished 11 structures located between Khade Ganesh Mandir and Nandbagh Colony in the Guru Govind Colony area on Monday to facilitate road widening under the Master Plan. This operation involved taking down the front sections of 11 homes that were obstructing the road construction project. To ensure a thorough job, the removal team used three earth movers and three hydraulic excavators to dismantle the encroachments. The road work, which had been in progress for an extended period, encountered delays due to obstructions from 8 to 10-foot sections of the houses encroaching on…

IndustryLatest Stories

Indore Property Survey Controversy: Mayor Halts Drive for SOP

INDORE: A significant controversy arose over the Indore Municipal Corporation’s (IMC) ward-wise property tax survey late Saturday evening, leading to a standoff at the Bhanwarkuan police station and multiple FIRs. The situation prompted political intervention, with cabinet minister Kailash Vijayvargiya calling for an emergency meeting. The conflict began in Ward 74, where IMC mobilized staff from 22 zones for a property tax assessment. On Saturday, an altercation occurred between area revenue officer (ARO) Shailendra Singh and local politician Sunil Hardia (the husband of a corporator) along with his son. This led to a confrontation at the Bhanwarkuan police station. An…

Latest StoriesResidential

Shubhashish Homes Achieves ₹250 Crore in H1 FY26 Pre-Sales

NEW DELHI: Shubhashish Homes, the real estate division of JK Jajoo Ventures, has recorded pre-sales exceeding ₹250 crore in the first half of FY 2025-26, surpassing last year’s total of ₹211 crore. The company is on track to meet its pre-sales goal of ₹400 crore for the year. CEO Mohit Jajoo remarked, “As we look ahead, we are making significant progress in Indore and Prayagraj, and pending timely approvals, we plan to launch these projects in Q4 FY26.” Published On Oct 14, 2025 at 04:28 PM IST Join the community of 2M+ industry professionals. Subscribe to our Newsletter for the…

CommercialLatest Stories

Bids for IT Park 4 in Indore Opening This Month

INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is set to invite bids from technology firms in October for space in the much-anticipated IT Park 4. The industries department aims to draw investment from electronics system design and manufacturing (ESDM) companies, data centers, testing labs, and IT offices. MPIDC executive director Himanshu Prajapati stated, “About 70,000 square feet of office space will be available for lease, with a duration of approximately 30 years. This park is designed to enhance the technological landscape in the region and attract investments across various sectors.” Officials confirmed that the formalities for inviting bids are…

InfrastructureLatest Stories

ADB Approves $190M Loan for Indore Metro Project

NEW DELHI: The Asian Development Bank (ADB) has approved a USD 190 million loan to support the Indore Metro Rail Project, a significant initiative aimed at improving urban mobility, reducing pollution, and fostering inclusive growth in Madhya Pradesh, as stated in a company press release. The project will fund the construction of an 8.62-kilometre underground metro line featuring seven stations, connecting congested areas of Indore to the airport. Designed with modern standards, the metro will offer accessibility features such as ramps, lifts, CCTV surveillance, and emergency response systems for elderly individuals, women, children, and persons with disabilities. “Indore’s rapid urbanization…

Latest StoriesRegulatory

Indore Files FIRs Against Developers of 16 Illegal Colonies

Sure! Here’s a rewritten version of the content: INDORE: On Thursday, the Indore district administration initiated legal action by ordering the filing of First Information Reports (FIRs) against the developers of 16 unauthorized colonies. Additional District Magistrate (ADM) Gaurav Benal stated, “This initiative is part of a wider enforcement against illegal construction and land-use in the area,” and confirmed that instructions have been given to file FIRs against the developers and colonizers under applicable laws. “The FIRs arise from the unauthorized development of these colonies without the necessary government approvals,” he stated. The ADM noted that, to date, FIRs have…

InfrastructureLatest Stories

Illegal Constructions Under Scrutiny After Indore Collapse

INDORE: A tragic building collapse in the Ranipura area has sparked serious concerns regarding safety and building regulations in the city’s congested streets. This incident resulted in two fatalities and a dozen injuries, drawing attention to the issue of unauthorized constructions and the neglect of maintenance in the region. Many structures in Ranipura, including older buildings, either lack proper permits from the Indore Municipal Corporation (IMC) or have violated existing regulations by adding unauthorized floors and encroaching on public spaces. According to official sources, the three-storey building that collapsed on Monday night was one of these irregular constructions. IMC Additional…

InfrastructureLatest Stories

Trial Run Completed on 5km Stretch of Indore Metro Phase II

INDORE: A successful trial run for the second phase of the metro rail was conducted in Indore, Madhya Pradesh, on Friday, according to an official from the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). The metro was tested at a speed of 5-10 km/h over a nearly 5-km stretch between Super Corridor No. 3 and MR-10 stations. This stretch is part of the 17.50-km priority corridor connecting Gandhi Nagar and Radisson Square stations. Commercial operations have already begun on a 6-km section between Gandhi Nagar and Super Corridor station No. 3 as part of the first phase. Before commencing commercial…