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Tag: NCLT

Home ยป NCLT

Legal
By Dhwani MeharchandaniAugust 14, 2024

What to do if a builder keeps delaying the project?

The delay in project completion and possession by the builder can be frustrating for buyers. This situation is particularly challenging for individuals living in rented spaces or those who have made plans to leave … READ FULL STORY

Current News
By Dhwani MeharchandaniJuly 9, 2024

Yeida withdraws plea at NCLAT against Ace Infracityโ€™s bid for Three C Homes

July 9, 2024: The Yamuna Expressway Industrial Development Authority (Yeida) has retracted its appeal from the National Company Law Appellate Tribunal (NCLAT) against an NCLT order that approved Ace Infracity’s bid for Three C … READ FULL STORY

Current News
By Dhwani MeharchandaniJune 18, 2024

NCLT orders proceeding against Supernova developer Supertech Realtors

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

Current News
By Anuradha RamamirthamApril 16, 2024

NCLT disposes of insolvency case against Mumbai Metro One

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 Infrastructureโ€™s Mumbai Metro One Pvt Ltd … READ FULL STORY

Current News
By Housing News DeskSeptember 29, 2023

Indiaโ€™s hospitality sector sees Rs 1,432-cr investments in H1 2023: Report

September 29, 2023: Indiaโ€™s hospitality sector has witnessed a resurgence in hotel investment activity, mention the latest JLL report titled Hotel Investment Trends โ€“ India H1 2023. As per the report, in 2022, the … READ FULL STORY

Current News
By Anuradha RamamirthamJune 6, 2023

How to remove promoter/project name from MahaRERA NCLT list?

June 6, 2023: The National Company Law Tribunal (NCLT) list prepared by MahaRERA is updated frequently.ย  As per an advisory issued by MahaRERA, the names of promoter and their projects shall be deleted from … READ FULL STORY

Current News
By Housing News DeskApril 18, 2023

Govt to conduct round-table conference on dealing with homebuyer grievances

The Governmentโ€™s department of consumer affairs will conduct a round-table conference on how to effectively redress the grievances of real estate sector in Mumbai on April 18, 2023. The conference will be organised in … READ FULL STORY

Analysis
By Sunita MishraMarch 14, 2023

NCLT clears Suraksha Realtyโ€™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 a relief for over 20,000 homebuyers in the national … READ FULL STORY

Current News
By Sunita MishraMarch 7, 2023

Jaypee insolvency: Factsheet and latest news updates

NCLT clears Suraksha Realtyโ€™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

Current News
By Sunita MishraJanuary 19, 2023

NCLT admits insolvency plea against Unibera Developers

The New Delhi Bench of the National Company Law Tribunal (NCLT) has admitted a plea to start insolvency proceedings against Unibera Developers. ย Unibera Developers was dragged to the tribunal by Mahi Buildhome after the … READ FULL STORY

Property Trends
By Ravi SinhaApril 17, 2023

NCLT directs insolvency proceedings against Ansal Properties & Infra

The National Company Law Tribunal (NCLT) has agreed to initiate insolvency proceedings against real estate developer Ansal Properties & Infrastructures (Ansal API).ย ย The decision was based on the petition filed by 126 buyers of โ€œThe … READ FULL STORY

Property Trends
By Sunita MishraNovember 18, 2022

NCLT admits insolvency plea against Gayatri Projects

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

Property Trends
By Sunita MishraSeptember 28, 2022

SBI files insolvency plea against Jaiprakash Associates

State Bank of India (SBI) has initiated insolvency proceedings against Jaiprakash Associates in the bankruptcy court over a loan default of Rs 6,893 crore. The move by SBI comes over five years after the … READ FULL STORY

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These articles, the information therein and their other contents are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Housing.com does not offer any such advice. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any personโ€™s circumstances.

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