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SURAKSHA ARC
ED searches at 17 locations in corporate insolvency process caseThe Enforcement Directorate has launched a money laundering probe, conducting searches across 17 locations in Maharashtra and Delhi. The in...- Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai PoliceMumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore f...
- Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, othersMumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property w...
- Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee HealthcareFortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiar...
- Lenders to sell Wind World (India) debt to NARCL, recover 18% duesNational Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt o...
- NARCL, Omkara ARC in fray for Wind World debtState-owned National Asset Reconstruction Company (NARCL) and Manish Lalwani-promoted Omkara Assets Reconstruction Company (ARC) are in the...
- Jaypee homebuyers writes to UP CM requesting to approve proposal of out of court settlement for farmers compensationIn March this year, a bankruptcy court had approved Suraksha Asset Reconstruction Co’s (ARC) takeover of the debt-laden property and infras...
- Jaypee Infratech insolvency: Committee formed for implementation of Suraksha group resolution planIn a regulatory filing, Jaypee Infratech Ltd (JIL) informed that "...in compliance with the order of the NCLT, an 'Implementation and Monit...
- NCLT approves Suraksha plan for Jaypee InfratechIn an oral order, the bench directed Suraksha to form a committee to immediately start construction, monitor the day to day progress of the...
- IDBI Bank to seek bids via Swiss auction for Jaypee Infratech debt"All banks are now in the process of taking board approvals to consider the NARCL offer. Meanwhile, the Swiss challenge process will also s...
- Suraksha group expects NCLT nod by March to acquire Jaypee Infra; gearing up to start constructionIn the meantime, Suraksha ARC Managing Director and Chief Executive Officer Aalok Dave said the company is making preparations internally t...
- Supreme Court allows new board of Unitech to appoint PMCs for completion of stalled projectsThe top court also took note of the Action Taken Report (ATR) filed by the new board of management about the settlement of claims with Sura...
- Supreme Court asks Unitech Group and Suraksha ARC to sit and resolve dispute over claims"We are not satisfied with the way the dispute over Suraksha ARC claims is not being resolved. Management of the ARC should be cautious tha...
- SC seeks status report from ED, police on probe against Unitech, ex-promotersBoth Sanjay and Ajay who are in jail since August 2017 are accused of allegedly siphoning home buyers' money. The top court in its October ...
- JIL case: Suraksha reaches out to homebuyers, says company should be first preference, not standby optionIn a video message on You Tube platform, Suraksha ARC Managing Director and Chief Executive Officer Aalok Dave has sought to reach out to a...
- NCLT dismisses plea to conclude HDIL Mumbai project’s transferHDIL had executed an agreement to transfer the project, HDIL Majestic Tower, in Mumbai’s Nahur suburb before the initiation of Corporate In...
- ARCs will now have to take the auction route to acquire NPAsTotal NPAs in the banking system are pegged at Rs 9.3 lakh crore.
- Suraksha ARC and JM Financial put Rs 2000 cr in Unitech towards transfer of loansFunding by ARCs to help realtor complete its pending projects; co said to be looking for more investors.
- Sudhir Vaila looks to raise up to Rs 500 croreDeutsche Bank along with another foreign lender may extend the three-year credit expected to come from the lender’s overseas branch, two pe...
- Government ARC should not get special treatment: ARCsTop firms in the business to write to RBI to ensure a level-playing field.
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