What It Means for EV Buyers in India?

In recent years, electric two-wheelers have seen a rise in popularity across India, driven by rising fuel prices, environmental concerns, and government subsidies. Hero Electric, one of the first movers in this space, carved a niche for itself by offering affordable and accessible electric bikes to Indian consumers. Recently, the company has entered insolvency proceedings,…

Homebuyers Are Vital Stakeholders; Their Concerns Should Be Primary Object Under Insolvency Resolution Process Of Real Estate Company: Allahabad High Court

The Allahabad High Court has recently held that in an insolvency resolution process of a real estate company, the primary concern is the interest of the homebuyers in the real estate project, as they are the vital stakeholders. The Petitioner had approached the High Court seeking issuance of a direction to the respondent to recalculate…