{
  "id": 5519438,
  "title": "Bombay HC Clears Swadeshi Mills Revival, Approves Chunabhatti Redevelopment & ₹223 Crore Worker Settlement",
  "url": "https://urgent.news/2026/09/04/bombay-hc-clears-swadeshi-mills-revival-approves-chunabhatti",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-04T07:20:22.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/bombay-hc-clears-swadeshi-mills-revival-approves-chunabhatti-redevelopment-223-crore-worker-settlement"
  },
  "original_language": "en",
  "account": "The Bombay High Court has cleared the path for the revival of the renowned Swadeshi Mills Company Ltd, overturning a previous order that had halted the company's winding-up proceedings. The court, comprised of Justices Ajey Gadkari and Kamal Khata, rejected objections from minority shareholders and approved a revival plan backed by majority shareholders, Grand View Estates Pvt Ltd and Forbes & Co Ltd, as well as the Rashtriya Mill Mazdoor Sangh (RMMS). The proposed revival involves the redevelopment of the company's 48-acre land at Chunabhatti in Mumbai, a project of public interest that would benefit thousands of former workers who have endured hardship for over two decades.",
  "summary": "Mumbai: The Bombay High Court has cleared the way for the revival of the iconic Swadeshi Mills Company Ltd, setting aside a single-judge order that had refused to halt the company’s winding-up and rejecting objections raised by minority shareholders. Also Watch: A division bench of Justices Ajey Gadkari and Kamal Khata, on September 2, permanently stayed the 2005 winding-up order, paving the way…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}