Delhi HC: Delhi high court has ordered an investigation and legal action against promoters of a realtor over alleged diversion of funds from the parent company to other shell companies of the group
The Allahabad high court has asked the Yamuna Expressway Industrial Development Authority (YEIDA) to return more than Rs 60 crore to Logix Infrabuild, saying the amount was deducted “illegally” despite the developer surrendering the land allotted to it for developing a township.
On November 16, Chief Justice Pritinker Diwaker and Justice Ashutosh Srivastava gave relief to Rudra Buildwell and another company, Silverline Furnishings and Furniture, whose land allotment had been cancelled over dues.