Tag: Supreme Court

Regulatory

SC asks HC to seek status on landlord-tenant case pendency

MUMBAI: Disposing of an appeal in a landlord-tenant dispute heard in Mumbai courts for 22 years, the Supreme Court has asked Bombay high court to call for a report from concerned courts regarding the period of pendency in such disputes and initiate appropriate steps for expeditious disposal of these cases. “When it comes to landlord-tenant disputes, there is an angle of being deprived of the enjoyment of the property and also the monetary benefits that accrue from owning such property,” the Supreme Court has said. A bench of Justices Sanjay Karol and Manoj Misra was hearing appeals against a Dec…

Housing Finance

SC upholds Piramal Capital & Housing Finance’s resolution plan for DHFL

The Supreme Court on Tuesday upheld Piramal Capital & Housing Finance’s resolution plan for erstwhile Dewan Housing Finance Corporation Ltd (DHFL), overturning the National Company Law Appellate Tribunal’s (NCLAT) order that asked the lenders of the debt-laden firm to relook into certain parts of the resolution plan that ascribed a value of only Rs 1 to Rs 45,000 crore worth of bad loans (avoidance and fraudulent transactions) of DHFL. The apex court also dismissed various appeals including one by former promoter Kapil Wadhawan, challenging the resolution plan on the grounds that Piramal acquired the Rs 90,000-crore company for just Rs…

Regulatory

SC appointed committee approves housing project in Vasant Kunj with tree rider

NEW DELHI: The Central Empowered Committee (CEC), appointed by the Supreme Court, has granted approval for a group housing development in Sector B, Pocket-1 in Vasant Kunj. Nearly 80% of the development is on the morphological ridge of Delhi, so the CEC has asked the private builder to ensure the protection of all 23 existing trees within the project boundary. The private developer has been asked to plant 250 indigenous tree species for a green fencing. Additionally, the developer is required to plant another 250 trees along the internal roadway. The morphological ridge, characterised by ridge-like terrain and features, is…