The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs. 8 lakh on Reliance Home Finance Limited (RHFL) for violations related to the SEBI (Listing Obligations and Disclosure.
On July 17, the SC asked Supertech to pay Rs 1.25 crore towards refunding 15 homebuyers of the demolished twin towers. The 15 homebuyers had to be paid a sum of Rs 7.04 crore, and currently, Rs 75 lakh remains to be paid
The project is spread over 12,091 square metres, and comprises a total saleable area of about 6,80,000 square feet across five towers. About 30 percent of the project has been completed and sold.
The Resolution Plan comprising the total Resolution amount of Rs. 3,351 crore has been implemented through Authum Investment & Infrastructure Ltd s subsidiary viz. Reliance Commercial Finance Ltd and RCFL has acquired Business Undertaking of Reliance Home