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Material developments from NSE, interpreted by CapitSignal.

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Thursday, 17 September 2026

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Oberoi Realty Ltd.OBEROIRLTY20:21MixedMinor

Court restores temporary ban on new allotments at Three Sixty North

Regulatorylitigation

As filed

Oberoi Realty Limited has informed the Exchange about Project Three Sixty North Gurugram Update

Why it matters

CapitSignal interpretation

The interim direction temporarily prevents additional allotments in the project, potentially pausing fresh sales until the court considers the matter again. Existing allotments with approximately ₹7,891 crore of booking value and project construction are stated to be unaffected.

What happened

Fact

The Punjab and Haryana High Court has reinstated its direction that no further allotments be made in Oberoi Realty's Three Sixty North project in Gurugram until the next hearing on September 25, 2026. The company said the order does not affect existing allotments or construction and that it believes there is no material adverse impact on its business and operations.

₹7,891 croreBooked value of allotted area
Approximate booking value for area already allotted in Three Sixty North
13.16 lakh sq. ft.RERA carpet area allotted
Approximate area already allotted in Three Sixty North
22.51 lakh sq. ft.Saleable area allotted
Approximate saleable area already allotted in Three Sixty North
September 25, 2026Next hearing
Scheduled High Court hearing date

Watch next

Fact

High Court proceedings on September 25, 2026
Whether the restriction on further allotments is lifted, extended or modified
Any effect on future sales activity at Three Sixty North

Full analysis Company memory

Kalpataru LimitedKALPATARU11:25Low

GST authority appeals ₹1.36 crore transitional credit ruling involving Kalpataru subsidiary

Regulatorylitigation

As filed

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Why it matters

CapitSignal interpretation

The prior favourable appellate order is now under challenge, leaving the tax demand, interest and equivalent penalty subject to further litigation. The company stated that the appeal does not have any material financial impact on its operations.

What happened

Fact

The GST Authority has appealed to the GST Appellate Tribunal against a January 29, 2026 order that had allowed Abacus Real Estate Private Limited’s appeal. The dispute concerns a transitional credit demand of ₹1,35,66,011, plus applicable interest and an equivalent penalty; Kalpataru said its wholly owned subsidiary will defend the matter and is hopeful of a favourable outcome.

₹1,35,66,011Tax demand
transitional credit demand under appeal
₹1,35,66,011Penalty
equivalent penalty associated with the demand
1st July 2017 to 31st March 2018Disputed period
period covered by the transitional credit demand

Watch next

Fact

GST Appellate Tribunal proceedings and outcome
Any change in the company’s assessment of financial impact or provisions

Full analysis Company memory