The Supreme Court has clarified that a decree passed only against a real estate developer cannot be enforced against its directors or promoters in their personal capacity unless the original adjudication clearly finds them liable.
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
This piece of land was part of 982 acres of land earlier acquired by the British government in 1939 for the use of the Royal Air Force during World War II.
A Delhi court on Tuesday ordered the release of real estate tycoons Sushil and Gopal Ansal against the jail term already undergone by them in a case of tampering with evidence in the case related to the 1997 Uphaar cinema fire, which had claimed 59 lives.
The convicts, out on bail, were taken into the custody after the order was pronounced.
A Delhi court on Friday convicted real estate barons Sushil and Gopal Ansal for tampering with evidence in the 1997 case of Uphaar Cinema fire which claimed 59 lives.
On February 9, 2017, the apex court had by a 2:1 majority verdict given relief to 78-year-old Sushil Ansal considering his "advanced age-related complications" by awarding him the jail term which he had already served. It had, however, asked his younger sibling Gopal Ansal to serve the remaining one year jail term in the case.
The Delhi high court on Tuesday dropped proceedings and quashed the summons issued by a lower court against real estate tycoons Sushil Ansal and Gopal Ansal in the Uphaar cinema fire tragedy case for allegedly threatening complainant Neelam Krishnamoorthy.
The Supreme Court on Wednesday held real estate barons Sushil and Gopal Ansal guilty in the 1997 Uphaar cinema tragedy that claimed the lives of 59 people saying they were more interested about making money than ensuring safety of the cinegoers.
The Supreme Court expressed displeasure over real estate baron and convict in Uphaar fire tragedy case Sushil Ansal leaving the country without taking its permission.
The Delhi high court on Friday rejected the plea of Ansal brothers, facing trial in the Uphaar fire tragedy case, to place additional written submissions before the trial court hearing the matter.
"Sorry, we can't," the bench said when senior advocate Ram Jethmalani mentioned the matter and sought more time for Ansal.
The Apex court, in a majority verdict of 2:1, asked Gopal Ansal to surrender within four weeks to serve the remaining jail term of the one year punishment.
The Supreme Court on Friday granted bail to the Ansal brothers -- Sushil and Gopal-- who were convicted and sentenced to one-year imprisonment in the Uphaar fire tragedy case.A bench, headed by Justice S B Sinha, also issued notices on the cross appeals filed by the Ansals and Association of the Victims of the Uphaar Tragedy, challenging the one-year sentence imposed on the accused by the Delhi High Court.The bench ordered that the Ansalsbe released on the personal bonds.
Real estate baron Gopal Ansal will have to surrender to serve the remaining period of the one-year sentence in the Uphaar fire tragedy case with the Supreme Court on Thursday dismissing his plea for parity with his elder brother Sushil Ansal.
The police said there is evidence to prove the brothers tampered with judicial records. The issue also came up before the Delhi high court with the police claiming to have got hold of substantial evidence against Sushil and Gopal Ansal and four others for tampering with the records of the fire that claimed 59 lives in the posh south Delhi cinema hall in 1997.
The notice comes within a week of the court granting them bail and ordering suspension of their two-year jail term. Apart from the Ansal brothers, the court also issued notices to three other convicts and the CBI.
Ansal Properties on Wednesday formed a joint venture with Malaysian healthcare facilities management company Faber Group Behad.
A Delhi court on Friday granted bail to Uphaar theatre owners Sushil and Gopal Ansal after they surrendered before it in a case of destruction of evidence relating to the 1997 fire tragedy that claimed 59 lives
Gopal has sought relief that he should not be asked to serve one-year jail term like his elder brother Sushil Ansal in the case of 1997 fire tragedy in which 59 people were killed.
Real estate barons Sushil Ansal and Gopal Ansal on Monday assured the Supreme Court that they would not leave India till it commences hearing on the plea seeking review of the 2015 verdict in the Uphaar fire tragedy case asking them to serve a two-year jail term if they fail to pay Rs 30 crore each as fine.
Real estate barons Sushil Ansal and Gopal Ansal on Monday moved the Supreme Court seeking de-sealing of the Uphaar cinema hall where 59 cine-goers had lost their lives in 1997 in a blaze when a Bollywood movie was being screened.
Real estate barons Sushil and Gopal Ansal were on Thursday sent to jail by a Delhi court where they surrendered in compliance with a Supreme Court order cancelling their bail in the case of Uphaar fire tragedy, which claimed 59 lives. While Sushil had remained behind the bars for around 40 days in 1997 when the mishap took place, his younger brother will go to jail for the first time.
The Supreme Court on Thursday refused to entertain an application filed by the Ansal brothers seeking review of their bail cancellation in the Uphaar cinema tragedy case.
The cinema hall will be given within one month of the conclusion of defence evidence in the criminal case pending trial at Patiala House.
The Sushil Ansal-promoted Ansal Properties & Infrastructure has been allotted 2,504 acre land adjoining Greater Noida for setting up a Rs 20,000 crore (Rs 200 billion) integrated township
In a brief submission, CBI's senior counsel Harish Salve told a bench of Justices B N Aggarwal and G S Singhvi that the agency had executed bailable warrants against Sushil Ansal on August 23 and against Gopal on August 25. The two were granted bail soon after their arrest.
A Delhi court on Friday issued summons against real estate barons Sushil and Gopal Ansal besides four others for allegedly tampering with evidence in the Uphaar fire tragedy case.
Justice H R Malhotra asked Ansal brothers and Shyam Sunder Sharma and H S Panwar to furnish a personal and surety bond of Rs 50,000 each as a pre-condition for their release.
Leading developer Ansal Housing and Construction Ltd is expecting a turnover of about Rs 250 crore (Rs 2.5 billion) from its upcoming residential project in Haryana in the next 3-4 years.
Real estate barons Sushil and Gopal Ansal on Wednesday escaped being jailed in the 18-year-old gruesome Uphaar Cinema fire tragedy in which 59 people died.
Ansal has received bookings for 1.66 million sq ft of space in January.
The Supreme Court on Wednesday cancelled the bail of Sushil and Gopal Ansal, who were sentenced to two years of imprisonment by the trial court in the Uphaar fire tragedy, which claimed 59 lives. Sushil and Gopal Ansal were directed by the apex court to surrender by 4 pm on Thursday.
The case pertains to the tragedy that occurred on June 13, 1997, when a fire broke out at the popular theatre during a screening of the film Border. A transformer installed in the basement of the theatre had caught fire.
Real estate firm Ansal Properties and Infrastructure Ltd plans to invest Rs 30,000 crore (Rs 300 billion) to develop 16 townships in north India during next 3-4 years.
The court had on November 20 convicted Sushil and Gopal Ansal, two MCD officials and Delhi Fire Service officer under Sections 304A and 337 and 338 of the IPC, which pertain to endangering human lives.
Modifying its order, the Supreme Court on Tuesday said real estate barons Ansal brothers will undergo a two-year rigorous jail term in the Uphaar fire case if they fail to pay Rs 30 crore each within three months.
Aiming to expand its presence in Tier-II and Tier III cities, real estate company Ansal Housing and Construction plans to invest Rs 2,000 crore (Rs 20 billion) in the next three to four years for developing seven townships across seven cities.
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