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Tag: NCLT

Home » NCLT » Page 2

Current News
By Sunita MishraSeptember 21, 2022

NCLT admits insolvency plea against Ajnara

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

Legal
By Sunita MishraJune 26, 2022

NCLT: All about National Company Law Tribunal

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

Property Trends
By Sunita MishraSeptember 27, 2022

What is IBC or the Insolvency and Bankruptcy Code?

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

Current News
By Sunita MishraMay 31, 2021

Lenders to seek fresh bids for debt-saddled Lavasa

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

Property Trends
By Ravi SinhaApril 29, 2021

What should buyers do when a distressed project gets a new builder?

Today, there are a lot of distressed properties in the market, where mergers and/or takeovers are happening. While it makes sound business sense for the builders of stressed assets, as well as the party … READ FULL STORY

Current News
By PTISeptember 26, 2022

HDIL-PMC Bank scam: NCLT allows jailed HDIL promoters to attend CoC meetings through video-conference

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

Legal
By Harsh Parikh and Rishabh VoraJuly 1, 2022

Consumer Court, RERA or NCLT: Can a home buyer approach all these forums simultaneously?

A division bench of the High Court of Delhi (High Court) by judgment dated September 4, 2019 in Messrs M3M India Private Limited & Anr v. Dr Dinesh Sharma & Anr (CM (M) 1244 … READ FULL STORY

Current News
By PTIJanuary 2, 2020

FM unveils infra projects worth Rs 102 lakh crores

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

Current News
By PTIDecember 27, 2019

IL&FS case: SEBI slaps Rs 25-lakh fine each on ICRA, CARE and India Ratings

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

Current News
By Housing News DeskNovember 5, 2019

RERA should be exclusive legal forum for real estate complaints: CREDAI

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

Must Knows
By Balwant JainOctober 21, 2019

What the Supreme Court’s decision in the Amrapali case, means for home buyers in stalled projects

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

Current News
By PTIFebruary 24, 2023

Banks’ bad loans reduce to Rs 9.34 lakh crores at FY19-end: Finance minister

Total bad loans of commercial banks declined by Rs 1.02 lakh crores, to Rs 9.34 lakh crores in the 2018-19 fiscal, on the back of steps taken by the government, finance minister Nirmala Sitharaman … READ FULL STORY

Current News
By PTIMarch 28, 2019

Galaxy Group acquires 60,000 sq metres of land belonging to Moser Baer in Noida

The Sawasdee Group has acquired Moser Baer India’s 60,000 sq metres of land through an online auction for Rs 72 crores, the Noida-based real estate group said, on March 27, 2019. The Group, formally … READ FULL STORY

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