Supreme Court of India issued notice on contempt plea over non compliance of illegal construction order in Gurugram. Bench of J B Pardiwala and Vijay Bishnoi sought replies by May 17.
The NCLAT ruled that insolvency proceedings against Vatika Limited must be confined to a single real estate project, not the entire company. It emphasized a project-wise CIRP approach to protect homebuyers and unrelated stakeholders despite an established financial default.
