June 18, 2024: The National Company Law Tribunal (NCLT) has commenced insolvency proceedings against Supertech Realtors, the developer behind the Supernova project which includes residential apartments, office spaces, retail outlets and a luxury hotel. … READ FULL STORY
April 16, 2024: The National Company Law Tribunal (NCLT) has disposed of the insolvency case filed by the State Bank of India (SBI) and IDBI Bank against Reliance Infrastructure’s Mumbai Metro One Pvt Ltd … READ FULL STORY
September 29, 2023: India’s hospitality sector has witnessed a resurgence in hotel investment activity, mention the latest JLL report titled Hotel Investment Trends – India H1 2023. As per the report, in 2022, the … 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
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 Hyderabad bench of the National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Gayatri Projects after it admitted a plea filed by State Bank of India (SBI) in the matter. On November … 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 lenders to debt-ridden Lavasa Corporation have decided to invite fresh bids for India’s first privately-built smart hill city near Pune. The financiers of the project, would now be terminating the former bids for … READ FULL STORY
Prestige Estates has bagged the rights to take over bankrupt Ariisto Developers’ project in Mumbai’s Mulund area. According to reports, Prestige emerged as the highest bidder and will pay Rs 370 crores to the … 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
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
Cracking the whip for their ‘lethargic indifference’, the Securities and Exchange Board of India (SEBI), on December 26, 2019, slapped a penalty of Rs 25 lakhs each on ICRA, CARE, and India Ratings & … READ FULL STORY
The Supreme Court delivered a historical decision, on July 23, 2019, in the case of Amrapali Group of Companies, which has wider ramifications for home buyers across the country. Let us discuss the decision … READ FULL STORY
