Railway Minister Ashwini Vaishnaw has granted in-principle approval to build a new suburban railway station between Thane and Mulund on the Central Railway main line in Mumbai. The announcement came through a letter to Maharashtra Chief Minister Devendra Fadnavis, who later thanked Prime Minister Narendra Modi and the Railways Minister for the approval.
NCLT has approved Mantra Properties’ buyout related to its Mulund project, following the company’s corporate insolvency resolution process that began in July 2023. The move comes on a plea by Beacon Trusteeship Ltd, with two secured creditors sharing control—Beacon Trusteeship at Rs 902 crore and 60.54%, and ARCIL at Rs 589 crore and 39.46%.
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