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MAHAGUN CASE
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....- NCLAT directs withdrawal of the insolvency against Mahagun as parties arrive at settlementThe NCLAT has allowed the withdrawal of insolvency proceedings against realty firm Mahagun after it reached a settlement with financial cre...
- NCLAT sets aside insolvency proceedings against Mahagun, asks NCLT to hear againThe National Company Law Appellate Tribunal has set aside insolvency proceedings against realty firm Mahagun. The NCLAT has ordered the Nat...
- ED seizes Rs 1.70-cr cash, documents in raids against Jaypee Infratech Ltd, othersThe Enforcement Directorate has seized Rs 1.70 crore and property documents during raids related to Jaypee Infratech and Jayprakash Associa...
- ED searches premises of Jaypee Infratech, Gaursons, and others in Rs 12,000 crore fraud caseED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting home...
- 'Special 24': How a Ghaziabad gang led by an MBA graduate scammed US citizensA group of 24 individuals, including Ankur Gupta, an MBA graduate, has been arrested for operating a call centre in Ghaziabad. The call cen...
- Company does not die upon amalgamation, transferee firm can be fastened with IT liability, says SCThe bench, which was hearing the appeal of the IT department, remanded its income tax case against Mahagun Realtors Private Limited (MRPL) ...
- Mahagun homebuyers to protest against delay in delivery of flats“We have had numerous discussion with the builder but every time he gives us new date for delivery. We were planning protests but due to th...
- Developers to be responsible for projects for five-year after handover: UP RERAThe move will protect buyers who have bought flats in high rises in Noida, Greater Noida, Ghaziabad, Lucknow and other towns in UP.UP RERA ...
- NBCC informs SC about completion of 230 units in Amrapali projectThe NBCC also sought an assurance regarding future funds as it has employed almost 12000 workers at different sites. The bench directed the...
- Malls, retailers rejoice as new unlock guidelines restrict use of local lockdownsMHA, while issuing guidelines for unlock 4, has said that the states shall not impose local lockdowns outside the containment zones without...
- NCR developers are offering benefits up to 25% of property value to serious homebuyersProperty consultants say that some developers are even ready to sell limited inventory at no profit to generate cash flows.
- Housing societies in NCR converting club house into a Covid isolation facilityEldeco Utopia, in sector 93A of Noida have turned club house into a alternate isolation room with provisions of beds, oxygen cylinders and ...
- Malls in Noida, Ghaziabad brace for subdued reopening on MondayShopping malls in Noida and Ghaziabad will open their doors to the public after more than two months on Monday, but most operators expect s...
- UP mandates malls, offices to bear cost of sanitisation if Covid case found on premisesThe state government order said that “the cost will be recovered from the occupants (in this case malls and office space operators)”. It al...
- NCDRC orders Nexgen Infracon to refund 29 buyers' money with 12% interestThe case was filed by 29 home buyers of Mahagun Mezzaria situated in Sector 78, Noida. Most of the buyers had booked apartment in 2013 and ...
- Lifestyle International, Sharma Trading Co indulged in profiteering: DGSIn the GST regime, complaints of profiteering come to Standing Committee under the authority, which then scans the complaints and sends to ...
- Clock ticks as 22,500 Noida flats due in DecemberCredai has admitted that the target set by UP CM to deliver 50,000 flats in Noida region to buyers by the end of December would not be met.
- Builders of Noida Extension ready to refund money to homebuyers; interest rate suspense lingersThe builders - Supertech, Mahagun, Gaursons, Gulshan Homz, Ajnara & Panchsheel Greens - claimed they had not received any refund applicatio...
- Kept hanging by builders, Greater Noida buyers can go to courtSenior advocate Mukul Rohtagi says the best option for the buyer is to “work out his rights with the developer” . But some feel the court s...
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