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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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Bombay High Court Dismisses Writ Petition Challenging SRA Termination of Developer in Slum Rehabilitation Scheme. Developer Failed to Complete Project Within Stipulated Time and Did Not Comply with Development Agreement and SRA Conditions.

The Petitioner, Shailesh Mulchand Savla, sole proprietor of M/s. Kunal Builders & Developers, filed a Writ Petition challenging the termination of his...

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High Court Issues Directions in Slum Rehabilitation Writ Petitions; Expresses Grave Concern Over Alleged Fraud. No Final Verdict; Ongoing Investigation into Trafficking of Tenements and Non-Fixation of Transit Rent Under SRA Circular.

The Bombay High Court issued a detailed common order in a batch of writ petitions filed by slum dwellers of the Kolekalyan Slum Rehabilitation Authori...

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Bombay High Court Dismisses Writ Petition Challenging Slum Rehabilitation Authority's Grant of Scheme to Another Developer. Court upholds SRA's decision based on eligibility criteria and policy, finding no arbitrariness or violation of principles of natural justice.

The Petitioners, Dyna Estate Pvt. Ltd. (a developer) and Dr. Babasaheb Ambedkar Nagar Sahakari Griha Nirman Sanstha (a proposed cooperative society of...

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Bombay High Court Upholds Removal of Developer in Slum Rehabilitation Project Due to Non-Compliance with Scheme Conditions. Order of CEO SRA Upheld as Developer Found to Have Violated Terms of Agreement and Failed to Complete Project.

The petitioner, a company engaged as a developer for a slum rehabilitation project on a property owned by a cooperative housing society, filed a writ ...

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High Court of Judicature at Bombay Quashes State Government's Cancellation of Slum Rehabilitation Scheme Approvals and Directs Fresh Hearing. Inconsistencies Between Government Directives and SRA Circular Were Not Established, and Scheme Was Permitted Under New Housing Policy of 2007.

The petitioner, a developer, submitted a proposal for a Slum Rehabilitation Scheme which was in the nature of a Township Development Scheme for approx...