A Supreme Court bench headed by chief justice Dipak Misra, on March 21, 2018, asked real estate firm Jaiprakash Associates Limited (JAL) to deposit Rs 100 crores by April 6, 2018 and another Rs … READ FULL STORY
Real estate firm Amrapali Group, which is facing insolvency proceedings initiated by the creditor bank for not repaying its loan, has claimed that many firms have expressed interest in taking over and completing its … 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
Embattled real estate firm, Unitech Ltd, on January 29, 2018, told a Supreme Court bench headed by chief justice Dipak Misra that it was negotiating with a company, to sell two portions of it … READ FULL STORY
Jaiprakash Associate Limited (JAL), which had so far deposited Rs 425 crores with the apex court registry, has deposited the remaining amount of Rs 125 crores, on January 25, 2018, as per the earlier … 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
Real estate firm Unitech Ltd has sought Rs 500 crores towards principal amount and interest from the Telangana State Industrial Infrastructure Corporation. The firm said it paid Rs 165 crores in instalments for the … 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 comprising chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on December 13, 2017, stayed the National Company Law Tribunal’s (NCLT’s) order that allowed the centre to take … READ FULL STORY
The Supreme Court, on December 12, 2017, said that the National Company Law Tribunal (NCLT) should have taken its leave, before allowing the centre to take over the management of embattled realty firm Unitech … READ FULL STORY
The President of India has given his assent, on November 23, 2017, to an ordinance to amend the Insolvency and Bankruptcy Code, 2016. The ordinance aims at putting in place safeguards, to prevent unscrupulous … READ FULL STORY
The union cabinet, on November 22, 2017, approved bringing in an ordinance to make ‘some changes’ in the Insolvency and Bankruptcy Code, corporate affairs minister Arun Jaitley said. The Code, which became operational in … READ FULL STORY
The Supreme Court, on November 22, 2017, directed 13 directors, including five promoters of the embattled Jaiprakash Associates Limited (JAL), not to alienate their personal properties and asked the firm to deposit Rs 150 … READ FULL STORY
