Explore Business Standard
Brookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee to stay in the race for acquiring the flagship Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS). In an affidavit filed before the insolvency appellate tribunal NCLAT, Chronos Properties informed that it has tendered three demand drafts aggregating to Rs 148 crore with the registrar of the Mumbai-bench of the National Company Law Tribunal on December 19, 2025. Earlier on December 5, the NCLAT had directed Chronos Properties to renew its bank guarantee within a month to avoid disqualification as a bidder for IL&FS Financial Centre (IL&FS HQ) at BKC, Mumbai. "The appellant has complied with the direction passed by this tribunal in its order dated December 5, 2025, within the time frame (30 days) provided therein," said Chronos Properties in its affidavit filed before NCLAT recently. Passing an interim order on December 5, the National Company Law Appellate ...
The Bandra Kurla Complex station, the only underground stop on the 508-km Mumbai-Ahmedabad High-Speed Rail Corridor, has reached the final stage with the completion of 84 per cent of the excavation work, the National High-Speed Rail Corporation Limited (NHSRCL) said on Saturday. There are 12 stations on the entire corridor, and Bandra Kurla Complex station will cater to the people of Mumbai. Updating the current status of its ongoing construction work, the NHSRCL said excavation for the said work is being done till a depth of 32.50 metres (approx 106 ft) from the ground level, which is equivalent to a 10-storey building. "Excavation work is nearing completion as 84 per cent of it is over now," officials said, clarifying that once the digging is complete, the mountainous task of developing world-class infrastructure will be taken up. They added that the platform is planned at a depth of 26 metres from the ground level and there will be three floors, including platform, concourse and
Sale of the new series of iPhones started on Friday, with excited customers queuing up outside the country's first Apple Store since early hours and even indulging in a scuffle before its opening. Like with the launch of any new model, excited customers started queuing up outside the store at the Jio World Drive mall in the Bandra Kurla Complex business district in the wee hours. A little before 6 am, a scuffle broke out among some of the customers who had queued up, prompting the security personnel to intervene. Visuals show a group of Apple customers exchanging blows and being taken away by both private and government security personnel. The police was also forced to resort to mild caning and dragged the miscreants out. As per the city police, there were about 300 customers in two different lines outside the Apple Store and the minor scuffle erupted because one person tried to break into the queue. Once the store opened at the designated time of 8 am, it was a smooth flow with .
A fire broke out in the basement of the Bandra-Kurla Complex (BKC) underground metro station in Mumbai on Friday afternoon, prompting the authorities to suspend the train services there, officials said. No injuries were reported in the blaze that erupted around 1.10 pm. It was confined to wooden sheets, furniture and construction material at a depth of 40-50 feet of the station located in Bandra East, causing heavy smoke in the area, they said. "There is no report of injury to anyone," a civic official said. Eight fire engines and other fire brigade vehicles were rushed to the spot and the fire was covered from all sides, he said. Apart from the personnel of the Mumbai fire brigade, those belonging to the Mumbai police force, Adani Power, 108 Ambulance, Mumbai Metro Rail Corporation (MMRC), Public Works Department (PWD) and the Brihanmumbai Municipal Corporation (BMC) local administrative ward, gathered at the spot for the firefighting operation. Senior officials of the Mumbai fir