Admitting the insolvency pleas of two home buyers against Emaar MGF Land, a two-member bench headed by National Company Law Tribunal (NCLT) president justice MM Kumar, has appointed Manoj Kumar Anand as the interim … 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
Observing that it was concerned about the home buyers who had put their entire life savings, the Supreme Court, on January 31, 2018, asked real estate firm Amrapali to submit a plan on completion … READ FULL STORY
The Supreme Court, on December 15, 2017, granted time till January 25, 2018, to the embattled real estate firm Jaiprakash Associate Limited (JAL), to deposit Rs 125 crores more, for safeguarding the interests of … READ FULL STORY
A Supreme Court bench, headed by chief justice Dipak Misra, on November 6, 2017, refused to allow Jaypee Associates to deposit to Rs 400 crores, saying that the amount was a paltry sum and … READ FULL STORY
The Supreme Court, on October 25, 2017, refused permission to the embattled Jaiprakash Associates Ltd, to hive-off its rights in the multi-crore, six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh. 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
