Delhi High Court dismisses GVK Airport plea to restrain Bid Services from selling stake in Mumbai Airport

The Delhi High Court has dismissed a petition by GVK Airport Holdings Limited seeking to restrain Bid Services Division (Mauritius) Limited from offering or selling its shareholding in Mumbai International Airport Limited to any person other than the Petitioner (GVK). The judgment was passed by a Single Judge Bench of Justice Sanjeev Narula in a […]

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NCDRC directs Unitech to refund over Rs 53 lakh to 2 home buyers

New Delhi : The National Consumer Disputes Redressal Commission has asked real estate giant Unitech to refund over Rs 53 lakh to two home buyers for failing to hand over the possession of an apartment. The apex consumer commission asked the company to refund within three months Rs 53,73,561 and give a compensation of simple […]

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Adani Group Submits Non-Binding Bid For Jaypee Infratech

New Delhi : Business conglomerate Adani Group has made an unsolicited and non-binding bid to acquire Jaypee Infratech Ltd. and is ready to infuse up to Rs 1,700 crore to expedite the construction of stuck housing projects of the debt-laden realty firm and deliver flats to home buyers, sources said. Adani has promised to infuse […]

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Delhi HC issues notice to Flipkart and Amazon over proxy sellers

New Delhi: The Delhi High Court has issued notices to e-commerce giants Flipkart and Amazon for violating FDI norms after a PIL filed by NGO Telecom Watchdog. The PIL alleged that both have been openly violating FDI norms for marketplace model of e-commerce and circumventing them by routing hot-selling products at much cheaper rates through proxy […]

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