Versuchen GOLD - Frei

SC recalls order barring retrospective green nod

Financial Express Mumbai

|

November 19, 2025

Ruling would have led to demolition of projects worth about ₹20,000 cr, says CJI

- ANANTHAKRISHNAN G

CITING PUBLIC INTEREST and legal flaws, the Supreme Court, in a 2-1 decision on Tuesday, recalled its May 16 ruling that had struck down a central government notification allowing grant of environmental clearance for projects ex post facto - in short, clearance for projects after commencement.

While Chief Justice of India B R Gavai and Justice K Vinod Chandran backed the recall, Justice Ujjal Bhuyan dissented saying the majority decision "overlooks the very fundamentals of environmental jurisprudence" and "is a step in retrogression". The matter will now be placed before the CJI for further action.

Tuesday's decision came on a petition filed by the Confederation of Real Estate Developers of India (CREDAI) and applications by the Steel Authority of India (SAIL) and State of Karnataka, seeking a review of the May 16 verdict in Vanashaktivs Union of India, delivered by a bench of Justices A S Oka and Bhuyan. Justice Oka has since retired. The May 16 ruling also struck down a 2021 office memorandum issued in pursuance of the 2017 notification. During the hearing, it was pointed out to the court that 24 projects already initiated, involving expenditure to the tune of ₹8,293 crore, were awaiting environmental clearance (EC) at the central level, while at the state level, 29 projects worth ₹11,168 crore remained pending.

WEITERE GESCHICHTEN VON Financial Express Mumbai

Financial Express Mumbai

UP power regulator withholds nod to ~16,700-cr Adani deal

THE UTTAR PRADESH power regulator has delayed approval of a power supply deal with Adani Group’s new $2-billion (approximately ₹16,700 crore) coal power project over lack of clarity around costs, a filing showed on Wednesday, six months after the announcement.

time to read

1 min

November 20, 2025

Financial Express Mumbai

SpiceJet cuts ₹442-cr debt after allotting shares to Carlyle

SPICEJET ON WEDNESDAY said it has completed the allotment of equity shares to global aircraft leasing and financing firm Carlyle Aviation Partners, a move that has helped the airline reduce its liabilities by ₹442.25 crore and strengthen its longterm financial position.

time to read

1 min

November 20, 2025

Financial Express Mumbai

Pre-Budget meet: NBFCs seek refinancing support, tax relief

INAPRE-BUDGET meeting with Nirmala Finance Minister Sitharaman on Wednesday, nonbank finance companies (NBFCs) sought a dedicated National Housing Bank-like refinance window and reduction of SARFAESI enforcement threshold to 1 lakh.

time to read

1 mins

November 20, 2025

Financial Express Mumbai

AI eyes China military airspace to cut costs

Airline urges govt to convince Beijing for route clearance as Pakistan remains out of bounds

time to read

3 mins

November 20, 2025

Financial Express Mumbai

Sensex tops 85,000 after over a year

Nifty ends above 26,000; investors gain ₹1.12 lakh cr

time to read

2 mins

November 20, 2025

Financial Express Mumbai

Ola, Ather step up focus spare parts, software

ELECTRIC TWO-WHEELER FIRMS LOOK TO BOOST MARGINS, REVENUE

time to read

2 mins

November 20, 2025

Financial Express Mumbai

Gearing up for a privacy-first regime

PHASED DPDP ROLLOUT GIVES STARTUPS THE LEEWAY TO ADAPT

time to read

3 mins

November 20, 2025

Financial Express Mumbai

Banks seek more leeway in acquisition financing

BANKS HAVE FLAGGED several restrictions in the Reserve Bank of India’s acquisition financing guidelines that they believe will limit their participation in the merger and acquisition (M&A) space.

time to read

2 mins

November 20, 2025

Financial Express Mumbai

India's AI future ecosystem hinges on home-grown models

INDIA'S AI ECOSYSTEM may be expanding at a reasonably fast pace, but the technology community feels that progress without inclusion could deepen inequality.

time to read

2 mins

November 20, 2025

Financial Express Mumbai

The future lies in teamwork

AI IS UNDENIABLY transforming the way we work, but the true revolution isn't about machines replacing humans-it's about how we collaborate with them. Across industries, the best-performing business operations leveraging AI are not simply implementing new tools but investing in skills, encouraging cross-functionality, and leaning into a culture of experimentation. Ultimately, AI innovation is, and will always be, a human story.

time to read

2 mins

November 20, 2025

Listen

Translate

Share

-
+

Change font size