SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Law & Policy

NCLAT stays insolvency proceedings against Vikram Solar pending further hearing

29 Jun 2026

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings initiated against Vikram Solar, temporarily halting the Corporate Insolvency Resolution Process (CIRP) ordered by the National Company Law Tribunal (NCLT), Kolkata Bench. The stay follows Vikram Solar’s appeal against an NCLT order admitting an insolvency petition filed by operational creditor Isitva Steels under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT had earlier admitted the plea and appointed an interim resolution professional, resulting in the suspension of the company’s board. With the appellate tribunal granting interim relief, no further action can be taken under the insolvency process until the matter is heard again. The next date of hearing has not yet been disclosed.Read more

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Gurugram cracks down on illegal PGs, tenants asked to move out before June 30.

Gurugram News Desk

29 Jun 2026

A major enforcement drive against unauthorised paying guest accommodations and guest houses is unfolding in Gurugram, with authorities directing tenants living in illegal establishments to vacate by June 30. The move comes ahead of a fresh round of sealing operations targeting residential properties allegedly being used for commercial lodging without approvals. The crackdown has highlighted long-standing concerns over zoning violations, infrastructure strain and unchecked commercial activity in residential neighbourhoods, while also raising questions about the city's dependence on informal rental housing for its large migrant workforce.Read more

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Gurugram’s sealing crackdown has left tenants scrambling for homes as illegal PGs face action

Gurugram News Desk

29 Jun 2026

• A sealing drive against unauthorised paying guest accommodations and commercial establishments in Gurugram's DLF Phase 3 has displaced dozens of tenants with little time to find alternative housing.
• Many affected residents, including young professionals working in the city, reported receiving short notice before the properties were sealed by authorities.
• The action is part of a broader campaign against illegal constructions and land-use violations in residential neighbourhoods.
• Tenant groups have sought greater safeguards and transition periods, arguing that occupants should not bear the consequences of regulatory lapses committed by property owners.
Read more

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HC seeks update on mangrove restoration for Versova–Bhayandar Coastal Road

Mumbai News Desk

29 Jun 2026

The Bombay High Court has directed authorities to submit a status report on compensatory afforestation linked to the Versova–Bhayandar Coastal Road project after environmental NGO Vanashakti raised concerns over compliance with conditions attached to mangrove felling approvals. The 26.3-km project, being developed by the Brihanmumbai Municipal Corporation, received permission for the removal of 45,675 mangroves subject to restoration and plantation measures. The court’s latest direction focuses on the implementation of those environmental safeguards.Read more

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Nashik cracks down on 46,389 unauthorised properties; owners face penalties and regularisation push

29 Jun 2026

• A total of 46,389 unauthorised properties in Nashik are currently being taxed with penalties, according to Maharashtra Deputy Chief Minister Eknath Shinde.
• The state government has provided eligible property owners an opportunity to regularise their structures under an amnesty scheme.
• The move is aimed at bringing unauthorised developments into the formal system while improving compliance with planning regulations.
• Nashik has witnessed a rise in unauthorised constructions over the years amid rapid urban expansion and growing demand for residential and commercial spaces.
• The initiative is expected to strengthen urban planning, improve municipal records and enhance local revenue collection.
Read more

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A legal dispute has stalled HMDA’s plans to auction a prime Hakimpet land parcel

Hyderabad News Desk

29 Jun 2026

The Telangana High Court has temporarily halted the proposed e-auction of a prime land parcel in Hakimpet after petitions raised questions over ownership and title claims linked to the property. The matter came up during court proceedings, prompting the bench to defer further hearing while directing that the auction process remain on hold. The decision has put a pause on plans by the Hyderabad Metropolitan Development Authority (HMDA) to monetise the land. The case highlights the legal complexities that often accompany high-value urban land transactions and public asset disposals.Read more

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Navi Mumbai showcases textile recycling model at national summit in New Delhi

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) presented its Textile Recycling Facility (TRF) as a model for urban circular economy initiatives during a national summit on textiles held in New Delhi earlier this week. Municipal Commissioner Dr Kailas Shinde outlined how urban local bodies can support India's textile recycling ecosystem by creating reliable post-consumer textile collection systems. Developed in collaboration with the Ministry of Textiles' Textile Committee, the TRF currently engages more than 50,000 households and has trained over 300 women in textile upcycling through self-help groups. The presentation also highlighted the project's contribution to reducing textile waste sent to landfills and creating sustainable livelihood opportunities while aligning with Maharashtra's Textile Policy 2023–2028.Read more

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Uttar Pradesh’s 3-year electrical safety rule comes into focus after Lucknow fire tragedy

28 Jun 2026

• Uttar Pradesh's mandatory electrical safety inspection rule has come under renewed scrutiny following the recent fire incident in Lucknow that claimed 15 lives.
• The state requires commercial establishments, institutions and other designated buildings to undergo electrical safety inspections and renew safety clearances every three years.
• Authorities have intensified inspections across districts to check compliance with fire and electrical safety norms.
• The move is aimed at reducing fire risks caused by faulty electrical systems, one of the leading causes of building fires.
• The renewed focus highlights the importance of regular safety audits as urban development and commercial activity continue to expand across the state.
Read more

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Fire safety alarm in Nagpur: 103 coaching class buildings found unsafe during civic audit

Nagpur News Desk

28 Jun 2026

• Nagpur Municipal Corporation has identified 103 buildings housing coaching classes as unsafe during a citywide fire safety inspection drive.
• The action follows intensified scrutiny of educational institutions after recent fire-related incidents and safety concerns in the city.
• Authorities found several buildings lacking mandatory fire-fighting systems and emergency safety measures required under state regulations.
• The survey is part of a broader crackdown on fire safety violations across commercial, educational and mixed-use buildings in Nagpur.
• Civic officials have warned building owners to address deficiencies or face further action under fire safety laws.
Read more

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NMMC removes part of unauthorised construction in Airoli following statutory notice

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has undertaken demolition action against an unauthorised construction at A-270, Sector 2, Airoli, after the structure continued to be built despite a statutory notice issued under the Maharashtra Regional and Town Planning Act, 1966. The enforcement drive was carried out by the civic body's Encroachment Department under the directions of Municipal Commissioner Dr Kailas Shinde and the supervision of senior municipal officials. The action resulted in the partial removal of the unauthorised structure, with demolition teams, labourers, machinery and police personnel deployed for the operation. NMMC has stated that enforcement against unauthorised constructions within its jurisdiction will continue in the coming period.Read more

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