The National Company Law Tribunal (NCLT) invalidated a series of transactions involving JLS Realty Pvt Ltd, including the transfer of a prime redevelopment land parcel in Mumbai to Spenta Suncity and a mortgage and corporate guarantee linked to Rs 525 crore in financing involving IIFL. In an order pronounced on October 23, the Mumbai bench of the tribunal also invalidated the appointment of two IIFL-linked employees as directors, declared the attempted removal of an existing director illegal, reversed disputed share transfers and ordered restoration of the company's land. The Bench, comprising Judicial Member K R Saji Kumar and Technical Member Anil Raj Chellan, held that the sequence of events was "demonstrative of a deliberate design", constituting oppression marked by a "lack of probity and fair dealing". The ruling follows five years of litigation initiated by Moniveda Consultants LLP and Rajat Jhunjhunwala against Shajas Developers, JLS Realty, and other respondents. The dispu
The surge puts the metropolis on track for its sharpest deterioration in air quality during the post-monsoon transition since at least 2019
A power bank exploded inside a passenger's bag in a ladies' compartment of a Mumbai local train, triggering panic among commuters, railway officials said on Saturday. No one was injured in the incident that occurred around 12.30 pm on Friday on a Badlapur-bound local train from Dadar. A Central Railway (CR) spokesperson said a woman's bag caught fire following a suspected power bank explosion before the train reached Ghatkopar station. Thick smoke filled the compartment, prompting passengers to pull the alarm chain. Alert commuters removed the burning bag and extinguished the fire with water. While nobody was injured, the female commuter's belongings were destroyed, the official said. The train was halted at Ghatkopar station between 12.51 pm and 12.53 pm for safety checks. Railway staff inspected the train before it resumed its journey, the official added. A similar incident occurred on a Wadala-bound AC local train from Panvel on Saturday night, officials said. A passenger's m
A fire broke out in an electrical duct of a 13-storey residential building in Mumbai's Kurla area early Tuesday morning, leaving nine people, including three children, injured, civic officials said. The blaze erupted around 6.53 am at Kohinoor HDIL Building No. 5 in Kurla West, where flames spread along electrical wiring and duct installations before fire brigade personnel brought it under control at 7.21 am, they said. According to a civic official, eight residents suffered suffocation as thick smoke engulfed the structure, while one person sustained an injury to his right leg. The injured, including a five-year-old boy, two teen girls and a senior citizen, were rushed to Rajawadi Hospital, where their condition is said to be stable, he said. Personnel from the Mumbai Fire Brigade, police, power company, a 108 ambulance service and ward staff were mobilised for assistance, officials said. The cause of the fire and extent of the damage are yet to be determined, they said.
A Mumbai Police team which took custody of three individuals involved in firing gunshots at actor Tiger Shroff's car stayed overnight here with them despite obtaining their transit remand. The team, which obtained the requisite permission Monday evening, decided to stay in Kota to avoid travelling at night. It will return to Mumbai on Tuesday. Ramswaroop, the SHO of Railway Colony Police Station where the three have been kept, said a tight vigil was mounted in the night. "Since the incident is very serious, security is being maintained as per the usual procedure. I was here throughout the night. The CCTV cameras are directly connected to the police headquarters," he said. Local police nabbed the three individuals in the general coach of the Pune-Jaipur Superfast Express at Kota Railway Station on Monday morning. Two were identified as Ritik, alias Roshan, from Begusarai, Bihar, and Rehan from Haryana's Sonipat. The third is a juvenile. Kota city police handed them over to Mumbai
Equinix India MD Manoj Paul says AI adoption could drive data centre growth beyond traditional hubs, with the company aiming to expand its India capacity from 20 MW to 70 MW in 2-3 years
The pension regulator is widening investment options and simplifying digital enrolment to expand retirement coverage.
This will be Marco Rubio's second visit to India since May, when he attended the Quad Foreign Ministers' meeting hosted by External Affairs Minister S Jaishankar in New Delhi
Mumbai International Airport Ltd (MIAL), run by Adani Airport Holdings, plans to start rebuilding the north section of Terminal 1B in January 2027
Adani Enterprises Director Pranav Adani on Monday performed the bhoomi poojan for a 22-acre rehabilitation housing project in Matunga, marking the start of construction of 10,432 homes for eligible residents of Dharavi, one of Asia's largest informal settlements. The project, being implemented by Adani Navbharat Developers Pvt Ltd (ANDPL), a special purpose vehicle set up for the Dharavi Redevelopment Project, will comprise 10 towers housing 10,432 rehabilitation apartments and 1,379 commercial and industrial units, according to a company statement. "Every family deserves a home where they feel secure and can plan for the future. We know what this means to Dharavi's families. At Matunga, we are building 10 towers with 10,432 homes and 1,379 commercial and industrial units, creating neighbourhoods where families can live better and build a brighter future for their children," Pranav Adani said. Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 3
The contract covers new hydrocracker and solvent deasphalting units at HPCL's Mumbai refinery, aimed at boosting lube oil base stock output and upgrading heavier petroleum streams.
Police on Saturday detained around 400 people, including actor Imran Khan, activist Tushar Gandhi, and CPI (M) workers among others, from various locations in Mumbai for protesting without permission in solidarity with the Cockroach Janata Party's demonstration in New Delhi. The demonstrations were held at the August Kranti Maidan, Hutatma Chowk, and other locations. At Hutatma Chowk, several workers of the Prakash Ambedkar-led Vanchit Bahujan Aghadi (VBA) protested. Hundreds of people, including those belonging to Tushar Gandhi-led 'Hum Bharat Ke Log' organisation, and activists of the Communist Party of India (Marxist) assembled at the August Kranti Maidan without permission, and around 200 of them were detained for protesting, a police official said. The process of registering an FIR against them was underway, he said. "Overall, around 400 people were detained from various sports," the official said. One of the protesters, Rubaid Bhojani, alleged that the police took the prote
CJP plans to begin its nationwide agitation from Mumbai's Shivaji Park, demanding Gyanesh Kumar's resignation, a halt to SIR and changes to the Election Commission appointment law
Registrations rose 5 per cent year-on-year, while stamp duty collections fell 5 per cent to ₹1,227 crore as the transaction mix shifted during the month
Mumbai ranked eighth in Knight Frank's Prime Global Cities Index in Q2 2026, with prime residential prices rising 6.2 per cent year-on-year.
The Mumbai-based developer plans to use IPO proceeds to repay debt, invest in subsidiaries and fund acquisitions as it pursues an asset-light growth strategy
The G+7 tower at Embassy Terazza spans 63,000 sq ft of carpet area, with the company calling it India's largest single residential unit transaction
A 20-year-old unidentified man is in critical condition in the trauma ward, the Brihanmumbai Municipal Corporation (BMC) said
Spread across 4.68 acres in Goregaon West, the project has a developable potential of about 1.05 million sq ft and marks Puravankara's eighth Mumbai redevelopment.
Amid chants of 'Ganpati Bappa Morya', more than 61,600 idols of Lord Ganesh were immersed in different water bodies in Mumbai after one-and-a-half days of festivities, civic officials said on Wednesday. Brihanmumbai Municipal Corporation (BMC) officials said that a total of 61,640 idols were immersed till 6 am on Wednesday. A civic official said that of the total, 301 idols belonged to the Sarvajanik (public) Ganapati mandals and 61,247 were household ones. As many as 92 Hartalika (Goddess Parvati) idols were also immersed during the period, taking the total number of immersions to 61,640. No untoward incident was reported during the immersion process, the official said. The civic body had made arrangements at immersion sites, including artificial ponds, across the metropolis for devotees. According to different traditions, idols of Lord Ganesh are immersed after one-and-a-half days, and on the fifth, seventh and the last day of the festival. The 12-day festival will culminate o