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In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family's Pali Hill home in Mumbai.

Bombay High Court Overturns Interim Stay: Banks Can Proceed with Fraud Tagging Against Anil Ambani

In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family’s Pali Hill home in Mumbai.
  • February 24, 2026
In a nuanced judgment, the Bombay High Court held that demolition of a dilapidated building does not terminate a protected tenancy under Maharashtra law — the right survives over the land — yet restored eviction in favour of a retired landlord who proved genuine personal need and long-term non-use by the tenant, overturning the lower appellate court's dismissal.

Old Building Demolished, But Tenancy Lives On

In a nuanced judgment, the Bombay High Court held that demolition of a dilapidated building does not terminate a protected tenancy under Maharashtra law — the right survives over the land — yet restored eviction in favour of a retired landlord who proved genuine personal need and long-term non-use by the tenant, overturning the lower appellate court’s dismissal.
  • February 23, 2026
Godrej Properties has acquired an 11.36-acre land parcel in Sector 63A along Golf Course Extension Road, Gurugram, with an estimated revenue potential of over ₹4,500 crore, strengthening its NCR development pipeline in FY26.

Godrej Properties Bets Big on Thane: ₹7,500 Cr Mega Housing Project Announced

Godrej Properties has announced a massive ₹7,500 crore residential development in Thane, signaling strong confidence in the suburb’s growth driven by infrastructure upgrades and rising housing demand.
  • February 23, 2026
Indian real estate shares began the session on a steady note as markets hinted at a gap-up opening. The Nifty Realty index edged higher, with selective buying seen in stocks like Oberoi Realty, while others such as Godrej Properties remained under pressure, signaling a stock-specific trading day ahead.

Indian Realty Stocks Open Firm as Markets Signal Positive Start; Key Developers Show Mixed Trend

Indian real estate shares began the session on a steady note as markets hinted at a gap-up opening. The Nifty Realty index edged higher, with selective buying seen in stocks like Oberoi Realty, while others such as Godrej Properties remained under pressure, signaling a stock-specific trading day ahead.
  • February 23, 2026
ITAT Mumbai delivers big relief: Temporary flat given by developer during land redevelopment isn't a taxable "transfer" — no capital gains apply when it's purely interim with no ownership rights passed, quashing Rs 13.56 lakh addition.

No Tax on Temporary Flat: ITAT Rules Developer’s Alternate Accommodation Isn’t a Taxable “Transfer” of Property

ITAT Mumbai delivers big relief: Temporary flat given by developer during land redevelopment isn’t a taxable “transfer” — no capital gains apply when it’s purely interim with no ownership rights passed, quashing Rs 13.56 lakh addition.
  • February 23, 2026