Supertech Group: Additional Sessions Judge Devender Kumar Jangala dismissed the application moved by Arora which argued he should be granted bail since the central probe agency had filed an incomplete charge sheet against him.
The proposed changes IBC will allow more targeted and efficient resolution of financially distressed real-estate companies. By allowing proceedings only against specific projects that have defaulted, the potential disruption to the company s operations could be minimised.
The notice, the third to be issued by the authority’s planning department over the last month, says possession of the shops was given without taking occupation or completion certificates and must be removed in 15 days.
The court said, “We direct the Union Bank to take steps within 10 days to ensure an amount of ₹15,51,678 is released to Supertech for compliance with our order of July 17” | Latest News India