The Supreme Court overturned the Allahabad High Court’s order directing demolition of a Panchayat Bhawan in Pilibhit, saying public money must not go to waste. The Court asked the district collector to resolve the pathway dispute and keep the building intact.
L&T has accused MMRDA of unfair practices in a Rs 6,000 crore infrastructure tender, leading to a Supreme Court hearing set for May 29 after Bombay HC dismissed L&T’s petitions. The Supreme Court highlighted the need for transparency regarding public funds and questioned fairness in the tender process, emphasizing L&T’s right to challenge its bid rejection.
Larsen & Toubro (L&T) filed a petition in the Supreme Court of India alleging irregularities in a Rs 14,000 crore tender process by MMRDA for major road projects. L&T claims it hasn’t received updates on its bid’s evaluation. The court expressed concern over the handling of public funds and demanded clarity from MMRDA.
MUMBAI: Today, 28th Feb,The Bombay High Court expressed serious concerns over how banks declare loan accounts as ‘fraud’ or ‘defaulter’ without properly applying their minds. The court highlighted that banks often pass such orders in a “cut, copy, paste manner” without following due procedures. The court suggested that the Reserve Bank of India (RBI) must step in and take action to ensure such lapses do not continue.