The Supreme Court, on April 9, 2018, took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued, inviting objections for auctioning them, to … READ FULL STORY
In its last meeting, on March 13, 2018, to discuss ways to better manage properties seized, frozen or confiscated under the Prevention of Money Laundering Act (PMLA), including those belonging to fugitive businessmen Vijay … READ FULL STORY
The Supreme Court, on March 12, 2018, asked embattled real estate company Unitech Limited and its jailed managing director (MD) Sanjay Chandra, to give a list of its unencumbered properties in India and abroad … READ FULL STORY
A Supreme Court bench, comprising of chief justice Dipak Misra and justices Ranjan Gogoi and AK Sikri, on November 23, 2017, asked the official liquidator of the Bombay High Court to take the help … READ FULL STORY
The Supreme Court, on October 12, 2017, took strong exception to the Sahara Group writing a letter to the Pune police, raising the issue of law and order at its Aamby Valley property, which … READ FULL STORY
A Supreme Court bench of justices Dipak Misra, Ranjan Gogoi and AK Sikri, on August 10, 2017, dismissed Sahara chief Subrata Roy’s plea, to put on hold the auction process of the group’s Aamby … READ FULL STORY
Sahara chief Subrata Roy, on August 9, 2017, moved the Supreme Court, seeking to put a hold on the auction process to sell the group’s Rs 34,000-crore Aamby Valley property by the official liquidator … READ FULL STORY
Irked over non-submission of money, the Supreme Court on April 17, 2017, decided to sell Rs 34,000 crores worth properties of the Sahara Group at the Aamby Valley and sought Subrata Roy’s presence next … READ FULL STORY
The Supreme Court, on March 21, 2017, warned the Sahara Group that it will auction its prime property worth Rs 39,000 crores at Aamby Valley in Pune, if Rs 5,092.6 crores is not paid … READ FULL STORY
A court in Thane has directed the district collector to auction the property of the now-defunct Kalpavriksha Marketing Company and clear the dues of the investors. Additional District and Sessions Judge, PP Jadhav gave this … READ FULL STORY
A distressed property is one, where the home buyer is unable to repay the loan taken to acquire the asset. When an owner defaults on EMI payments for four to five consecutive cycles, the … READ FULL STORY
Real estate auctions have generally been associated with distressed properties, being put up by banks and other financial institutions, to recover their dues from defaulting borrowers. Consequently, real estate auctions have been viewed in … READ FULL STORY
