22 Sep 2023

SEBI, the market regulator in India, has announced an auction of Saradha Group properties in West Bengal with a reserve price of over Rs 3 crore to recover funds raised through alleged illicit schemes. The auction, scheduled for October 17, 2023, follows a directive from the Calcutta High Court and aims to compensate depositors who suffered losses when the Saradha Group collapsed in 2013 after raising around Rs 4,000 crore from 1.7 million investors. Potential bidders are required to conduct independent due diligence, and the successful bidder will bear transfer charges and taxes associated with the property.Read more

22 Sep 2023

Chief Minister Pushkar Singh Dhami marked Prime Minister Narendra Modi's birthday by distributing housing approval letters, keys, and financial assistance of Rs 5,000 each to beneficiaries of the Pradhan Mantri Awas Yojana-Rural, aimed at providing rural homes. Additionally, he handed out financial support to self-help groups under the National Rural Livelihood Mission. Dhami's actions were lauded for empowering the marginalized, especially women, and he expressed gratitude to the Prime Minister for providing permanent homes to those in need. This heartfelt gesture extended to celebrating Modi's birthday with underprivileged children.Read more

22 Sep 2023

A joint committee comprising officials from the Haryana State Pollution Control Board, Charkhi Dadri administration, and Central Pollution Control Board has successfully recovered Rs 4.01 crore as environmental compensation from 44 stone crushers in Charkhi Dadri, Haryana. They have also lodged 70 criminal cases and attached 47 properties for non-compliance with environmental norms. This initiative follows a case filed in 2017 against stone crushers operating in Charkhi Dadri, which were causing air and water pollution. The National Green Tribunal had been monitoring and reviewing the efforts of the HSPCB and the state government to control this pollution.Read more

22 Sep 2023

Under Chief Minister Manohar Lal Khattar's leadership, the Haryana government is taking comprehensive measures to address the issue of unauthorized commercial establishments encroaching on residential areas. These initiatives include the establishment of an Integrated Command and Control Centre in Ambala to enhance security and traffic management, and the formulation of a policy to designate areas with commercial establishments within residential zones as official commercial areas. The government is also conducting a city-wide survey to identify locations in need of CCTV surveillance integration into the Police Integrated Command and Control Centre. These proactive steps reflect the government's commitment to responsible urban development and efficient governance in Haryana.Read more

21 Sep 2023

The MahaRERA has suspended the registration of 388 real estate projects because developers have not complied with the mandatory quarterly information updates mandated by the Real Estate (Regulation & Development) Act of 2016. This suspension prevents developers from marketing or selling apartments in these projects and also freezes their bank accounts. MahaRERA's stringent measures are aimed at enforcing legal compliance among property developers and ensuring homebuyers have access to consistently updated project information. This decision is expected to benefit homebuyers by providing them with reliable project details, including progress and costs, accessible through the regulator's portal.Read more

21 Sep 2023

CIDCO (City and Industrial Development Corporation) is implementing its Inclusive Housing Scheme (IHS) in the NAINA region to provide housing opportunities for economically weaker sections (EWS) and lower-income groups (LIG) through private developers. This initiative follows the Development Control and Promotion Regulations (DCPR) of the NAINA project, reserving 20% of the total plot area for EWS and LIG housing. A total of 171 tenements are being introduced, with a lottery system facilitating the selection process for eligible candidates. CIDCO's user-friendly online application process and social media outreach ensure wider awareness and accessibility, aligning with its mission of creating inclusive and equitable communities.Read more

21 Sep 2023

The National Company Law Tribunal (NCLT) has dismissed an insolvency plea against Orris Infrastructure, emphasizing that the Insolvency & Bankruptcy Code (IBC) should not be used as a tool for mere recovery. The case involved buyers of office spaces who had already received payments exceeding the alleged default amount as per their agreement. The NCLT stressed the importance of honouring contractual agreements and settling disputes through mutual agreements. The ruling highlights the principle that the IBC should not be employed for recovery when disputes have already been resolved through settlements between the parties involved.Read more

21 Sep 2023

The Dehradun city police have initiated two cases against unidentified individuals for alleged forgery, fraud, and involvement in a criminal conspiracy related to land registry records. These cases stem from complaints lodged by assistant inspector general Sandeep Srivastava at the deputy registrar's office. The complaints allege that land records for two properties, dating back to 1979 and 1989, were forged. In one instance, a property's documents were falsely transferred to another individual, while a similar irregularity was discovered in the records of another property. This development highlights concerns of fraudulent land transactions in Dehradun.Read more

20 Sep 2023

The Delhi government, led by the Aam Aadmi Party, is set to launch mobile registration vans to register construction workers at labour sites across the city. This initiative aims to enable workers to access government welfare schemes more easily. Delhi Labour Minister Raaj Kumar Anand announced this plan after a meeting with department officials. Additionally, a skill development program tailored for construction workers will be introduced, offering them opportunities to enhance their skills and find new job prospects. The labour department will also raise awareness about welfare schemes by distributing newsletters at construction sites, demonstrating the government's commitment to workers' well-being.Read more

20 Sep 2023

The Supreme Court of India has expressed serious concerns about alleged widespread corruption within the Noida Authority, suspecting officials of embezzling significant public funds through wrongful approval of excess compensation in land acquisition cases over several years. The Court has called for an independent agency to conduct a comprehensive investigation in response to these allegations. Justices This decision follows revelations that the case is part of a broader pattern involving questionable compensation disbursements by the New Okla Industrial Development Authority. The Supreme Court expects a detailed response from the Uttar Pradesh government during the next hearing on October 5.Read more