The Supreme Court ruled that Mumbai land acquisition under the Slum Act cannot proceed until the owner’s “preferential right to develop” is extinguished. The Court rejected Jyoti Builders’ plea, upheld the new owner’s rights, and ordered the land to remain a Recreational Ground.
Today,22nd April, The Supreme Court issued notice to Jet Airways and the Jalan Kalrock Consortium following a petition by the State Bank of India challenging the NCLAT’s decision regarding the airline’s ownership transfer. The case reflects complex legal and financial dilemmas in India’s aviation sector. The SBI cited outstanding payments and non-compliance with NCLAT’s orders, emphasizing the intricate nature of the proceedings.
