The Supreme Court, on April 16, 2018, directed realty firm Jaiprakash Associates Limited (JAL), to deposit Rs 100 crores with its registry, by May 10, 2018. The bench, headed by chief justice Dipak Misra, … READ FULL STORY
In a bid to ascertain whether there was any ‘siphoning’ of funds, the Supreme Court, on April 11, 2018, asked real estate major Amrapali Group, to provide details of the money it had collected … READ FULL STORY
The Supreme Court, on March 15, 2018, directed that a meeting of the representatives of Amrapali Group and its home buyers be held at the Supreme Court’s consultation room, on March 17, 2018. A … READ FULL STORY
The Reserve Bank of India (RBI), on February 12, 2018, abolished half a dozen existing loan-restructuring mechanisms and instead, provided for a strict 180-day timeline for banks to agree on a resolution plan, in … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016 (RERA), which came into force on May 1, 2017, was a historic moment for the real estate industry, which was previously characterised by the lack of … READ FULL STORY
The Reserve Bank of India (RBI), on February 12, 2018, came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and … READ FULL STORY
The Supreme Court, on January 10, 2018, directed realtor Jaiprakash Associate Limited (JAL) to give details of its ongoing housing projects in the entire country, while reiterating its direction that its directors shall not … READ FULL STORY
For all the right reasons, the World Bank’s Doing Business 2018 report was the toast of the country and the markets reacted with positivity. As a country, we should analyse the WB report, not … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on October 6, 2017, issued notices to the central government and Amrapali Group and sought their response within … READ FULL STORY
The Supreme Court, on September 18, 2017, asked around 400 home buyers of embattled Jaypee Group, to intervene in the main matter in which several buyers have moved the court, seeking relief in the … READ FULL STORY
The Supreme Court, on September 11, 2017, directed the embattled real estate firm Jaypee Associates, to deposit Rs 2,000 crores by October 27, 2017, with its registry and asked the NCLT-appointed interim resolution professional … READ FULL STORY
A Supreme Court bench, comprising chief justice JS Khehar and justice DY Chandrachud, said that it will hear a plea of flat buyers of Jaypee Infratech, who feared that they would neither get a … READ FULL STORY
