Supreme Court orders Builder to restore Mangroves
The Sahara Group seems to have taken the hit from the apex court. The Supreme Court has directed Sahara India Real Estate Corporation Ltd and the Sahara Housing Investment Corporation Ltd — to refund over Rs 24,400 crore collected from 2.21 crore depositors through an instrument known as optional fully convertible debentures. The Bench has [...] Continue Reading »
The apex court has asked the builder to restore the green stretch adjoining the Gorai creek to its original state within 60 days. Upholding the contempt petition filed by the Mumbai’s suburban collector, the SC also ordered the builder to remove excess debris dumped on the mangrove patch. The Supreme Court, on Monday, took note [...] Continue Reading »
