NCLT clears Suraksha Realty’s takeover of Jaypee Infratech The National Company Law Tribunal (NCLT) on March 7, 2023, approved Suraksha Group’s bid to buy Jaypee Infratech. The approval by the tribunal comes as … READ FULL STORY
The Centre is mulling changes in the insolvency law for faster wrapping up for builder insolvencies, reported US news agency Bloomberg. According to the report, which quoted unnamed sources, the changes in the Insolvency and Bankruptcy Code (IBC) … READ FULL STORY
The Delhi Bench of the National Company Law Tribunal (NCLT), on September 20, 2022, admitted a petition to initiate insolvency proceedings against Noida-based Ajnara India Ltd. The plea has been filed by 128 home … READ FULL STORY
NCLT full form NCLT is the short for National Company Law Tribunal. What is NCLT? The NCLT is a quasi-judicial body in India that established under the Companies Act, 2013. Constituted on June … 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
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … 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
From the zamindari system in 1947 to the Affordable Rental Housing Complexes scheme (ARHC) in 2020, the Indian real estate sector has come a long way. In fact, the past few years have witnessed … READ FULL STORY
In India, where weakness in credit from non-bank financial companies is expected to linger, growth is projected to slow to 5% in fiscal year 2019/20, which ends on March 31 and recover to 5.8% … READ FULL STORY
Finance minister Nirmala Sitharaman, on December 31, 2019, unveiled infrastructure projects worth Rs 102 lakh crores. Recalling that prime minister Narendra Modi had, in his Independence Day speech, spoken of investing Rs 100 lakh … READ FULL STORY
Looking back, 2019 may not have been the best year for the real estate sector. However, with several changes introduced during the year, from reduction in taxes to the announcement of a Rs 25,000-crore … READ FULL STORY
The need of the hour, is to bring in amendments, to make the RERA the first forum for complaints pertaining to real estate, Satish Magar, president, CREDAI national, said. Magar was speaking at the … READ FULL STORY
