On August 2, the Supreme Court had ordered status quo for two weeks on the insolvency proceeding after Jaypee Group challenged the July 30 order of NCLAT, which allowed the fresh bidding for the cash-strapped Jaypee Infratech

DLF share price plunged 19.73% intraday to hit the lowest level since February 17, 2017, after the realty major received a notice from the Supreme Court for non-disclosure of key information in prospectus of Qualified Institutional Placement (QIP), as per media reports.

At the end of 2018, DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore sovereign wealth fund GIC.

In a statement, DLF said that promoters infused the last tranche of funds amounting to Rs 2,250 crore into the company in the last quarter.

In her Budget speech, Sitharaman is expected to focus on making housing more affordable for the masses and arrange GST cuts as well as promote affordable housing for weaker section through credit linked subsidy.