In any kind of investment across any asset class, including the real estate, the general perception is to grow. The expected growth and appreciation are mostly achieved in the real estate sector due to … READ FULL STORY
June 6, 2023: The National Company Law Tribunal (NCLT) list prepared by MahaRERA is updated frequently. As per an advisory issued by MahaRERA, the names of promoter and their projects shall be deleted from … READ FULL STORY
The central government in India, in 2016, introduced a code to resolve insolvency cases amid a spike in the number of bankruptcies. This law is known as the IBC or the Insolvency and Bankruptcy … READ FULL STORY
The Supreme Court, on January 19, 2021, said that at least 10% of the total buyers in a housing project were needed, to initiate insolvency proceedings against a defaulting developer. The SC’s order upheld … READ FULL STORY
The Mumbai Bench of the National Company Law Tribunal (NCLT) has directed the resolution professional (RP) of beleaguered property company Housing Development & Infrastructure (HDIL) to make available all relevant documents to the company’s … READ FULL STORY
The government, on July 18, 2019, made the anti-money laundering law more stringent, through amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the house, by a voice … READ FULL STORY
Total bad loans of commercial banks declined by Rs 1.02 lakh crores, to Rs 9.34 lakh crores in the 2018-19 fiscal, on the back of steps taken by the government, finance minister Nirmala Sitharaman … READ FULL STORY
Two non-bank lenders, Finance Advisors & Managers and Vista ITCL (formerly IL&FS Trust Company), have taken Mumbai-based developer Rashmi Housing to the National Company Law Tribunal (NCLT), for defaulting on a Rs 26.24-crore payment. … READ FULL STORY
Owning a home, for an average Indian, is a lifelong dream. There have also been numerous instances, where thousands of aspiring home buyers have suffered, owing to poor financial management on the part of … READ FULL STORY
The first priority for Reliance Communications (RCom), which is credited with democratising telecom services through cheaper offers in the early 2000s, is to resolve its over Rs 40,000-crore debt, Anil Ambani told shareholders at … READ FULL STORY
Maharashtra’s real estate regulator MahaRERA chief Gautam Chatterjee, while welcoming the central government’s decision to empower home buyers by giving them the status of financial creditors under the bankruptcy law, however, added that the … READ FULL STORY
President Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, according to an official release. “The ordinance provides significant relief to home buyers, by recognising their … READ FULL STORY
The cabinet headed by prime minister Narendra Modi, on May 23, 2018, approved the promulgation of an ordinance to amend the Insolvency and Bankruptcy Code 2016 (IBC), minister for law and justice Ravi Shankar … READ FULL STORY
