Celebi subsidiary files 3 lawsuits in Mumbai

Celebi Aviation
's subsidiary on Thursday said that it has filed three lawsuits before the
Bombay High Court
, reported Reuters. The company has filed two lawsuits against the
Mumbai International Airport Ltd
. seeking reversal of the immediate termination of agreements by the Union
Aviation Ministry
. Another
lawsuit
has been filed seeking the suspension and annulment of the administrative decision to cancel Celebi's airport security clearance.
Celebi Aviation Services India Pvt Ltd handles around 58,000 flights and 5.4 lakh tonnes of cargo annually, across nine major airports, including Delhi, Mumbai and Bangalore.
Meanwhile, the Delhi High Court is yet to commence the hearing of the Celebi Aviation case scheduled on Thursday, filed after the Bureau of Civil Aviation Security (BCAS) revoked the Turkish-based company's airport security clearance on May 15, along with all its associates. The Centre stated national security and public safety as concerns behind the revocation.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Moose Approaches Girl At Bus Stop In Sindh - South - Watch What Happens
Happy in Shape
Undo
In the previous Delhi HC hearing on May 21, Mukul Rohatgi, representing Celebi stated that Celebi has been running operations across nine airports for over the last 17 years, employing over 10,000 personnel. The Centre granted security clearance to Celebi Aviation in 2022 under Rule 15 for a five-year term.
But, the clearance was abruptly revoked by the Centre on May 15 without any prior notice or hearing. Rohatgi argued that this act violates the principle of procedural fairness. Assumptions are being made that the government's act might be inspired by the Turkish shareholding factor in the firm, as this came in the middle of the Turkey boycott campaign.
Live Events

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

19 minutes ago

• Time of India

Turkey hoping to hold 5G tender in August, minister says

By Can Sezer ISTANBUL: Turkey's transport and infrastructure minister said the country was hoping to hold a tender for 5G network services in August, adding that the mobile communication service was expected to start next year. "I think we will hold this tender in August if there are no issues," Minister Abdulkadir Uraloglu told reporters in Istanbul during a briefing. "Instead of covering the entire country in the first stage, I think we will cover the densely populated provinces (first) and roll out this process gradually within the framework of the programme, this was the case in 4. 5G as well," he added. Asked about the impact on aviation of the Iran-Israel conflict, Uraloglu said Turkish airline companies had seven civilian aircraft stranded in Iran currently and four others in Iraq due to the closure of airspace in the region. "We are following this up through our foreign ministry and MIT (intelligence agency). Given that air traffic is very intense in this region, neither us nor the relevant countries could take that risk," Uraloglu said. "At the first opportunity we will bring them back," he added, referring to the planes, which he said belonged to Turkish Airlines, its subsidiary AJet, Pegasus Airlines and Tailwind Airlines.

Business Standard

24 minutes ago

• Business Standard

DLF targets ₹2,500 crore sales from new housing project in Mumbai

DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market Press Trust of India New Delhi India's largest realty firm DLF Ltd is set to enter the Mumbai housing market as it plans to launch a luxury housing project in the city worth about ₹2,500 crore in the next two weeks. DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market. According to sources, the company has got all regulatory approvals to launch this project, which will be developed in partnership with Delhi-based Trident Realty. DLF has received RERA approval for its first premium residential project in Mumbai. The project, located in the suburb of Andheri, is expected to be launched within the next two weeks, they said. In the first phase, the company will develop 416 units in four towers. DLF plans to sell these apartments in a price range of ₹5-7 crore per unit. The spokesperson declined to comment. Earlier this month, the company launched and completely sold the DLF Privana North housing project in Gurugram, comprising 1,164 units. DLF will invest around ₹5,500 crore to develop this 17.7-acre project, which has already been completely sold out for about ₹11,000 crore. Aakash Ohri, Joint Managing Director and Chief Business Officer of DLF Home Developers, highlighted that 27 per cent of the demand came from non-resident Indians (NRIs). The project is part of a 116-acre integrated township -- DLF Privana in Sectors 76 and 77, Gurugram. In this 116-acre township, the company had last year launched and completely sold out two projects -- 'DLF Privana West' and 'DLF Privana South' -- for around ₹12,800 crore. DLF, the country's largest real estate firm in terms of market capitalisation, reported a record sales bookings of ₹21,223 crore in the 2024-25 fiscal year, an increase of 44 per cent from ₹14,778 crore in the preceding financial year. DLF's MD Ashok Tyagi recently gave sales bookings guidance for the current fiscal year at ₹ 20,000-22,000 crore, almost in the same range as the previous financial year. With the successful launch of the Gurugram project, DLF has already achieved 50 per cent of its annual sales bookings target. On financial performance, DLF's net profit increased to ₹4,366.82 crore during the 2024-25 fiscal year from ₹2,723.53 crore in the preceding year. Total income rose to ₹8,995.89 crore in the last fiscal year from ₹6,958.34 crore in the 2023-24 financial year. Since its inception, DLF has developed more than 185 real estate projects and developed an area more than 352 million sq ft. DLF Group has 280 million sq ft of development potential across residential and commercial segment, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million sq ft. DLF is primarily engaged in the business of the development and sale of residential properties (the development business) and the development and leasing of commercial and retail properties (the annuity business).

Mint

an hour ago

• Mint

Raymond Realty eyes higher sales, launches in FY26

Bengaluru: Raymond Realty, which is scheduled to list on the stock exchanges on 1 July, is looking at faster growth through higher home sales and several project launches in 2025-26, said a top company executive. The real estate firm was demerged from Raymond Ltd on 1 May and will list as a standalone entity. Mumbai-based Raymond Realty clocked around ₹2,300 crore of sales in FY25, and is targeting at least 20% growth this year. It also expects a 20% return on capital employed. Also read: Gautam Singhania meets European royal Prince Albert II: Here's why they met, what they discussed & more By the end of FY26, it plans to launch six projects - two in suburban Thane, where Raymond owns about 100 acres, and four projects in different locations across Mumbai Metropolitan Region (MMR) - Wadala, Sion, Mahim and Bandra. The developer currently has six projects under execution. Raymond Realty's residential portfolio, combining projects under execution and the ones to be launched, has a gross development value (GDV) of ₹40,000 crore. Of this, projects worth ₹25,000 crore GDV would be in Thane alone. The remaining projects of ₹15,000 crore GDV are in MMR. 'In the next 3-4 years, we will double our sales and portfolio size. As a company, we are trying to solve for two things in the industry - quality of projects and timely delivery. We also want to focus on post delivery service, and have started our own facilities management arm," Raymond Realty chief executive Harmohan Sahni said in an interview. Also read: Centre links part of state capex loans to new reforms in land, and digitization The demerger will consolidate the group's real estate business under a single entity, which, going forward, will further unlock the firm's potential as a pure-play property development vertical. The company will sell at a broad price range of ₹20,000-65,000 per sq ft, and is not looking to sell below that, or in the uber luxury category. 'We can't go lower than ₹20,000-22,000 per sq ft. We will not dilute the brand, and it is not a price-sensitive market," he added. MMR, India's most valuable property market, stands as one of the leading contributors to pan-India launches and sales. Most of the projects Raymond Realty has signed are redevelopment projects. The newly signed projects, in Mahim and Wadala, are a Maharashtra Housing and Area Development Authority (Mhada) redevelopment and a slum redevelopment project respectively. Also read: Centre weighs easing conditions for interest-free capex loans to states 'We will continue to pursue an asset-light model by signing projects through the joint development route as it is capital efficient. We are a net debt-free company," Sahni said. Beyond Mumbai, the company is exploring project opportunities to enter the Pune property market. 'We are choosy about the deals we want to sign," he added. MMR among all the top cities witnessed the highest sales of around 155,335 units in 2024, almost the same as 2023. Pune followed with around 81,090 units sold. The two western markets together led residential sales last year, said Anarock Property Consultants.