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INSOLVENT REALTY PROJECTS
ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategyASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai...- 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....
- Alpha Corp to invest Rs 900 cr to complete stalled projects in Delhi-NCR; relief for 3k customersRealty firm Alpha Corp Development Ltd will invest nearly Rs 900 crore to complete three stalled housing and commercial projects in Greater...
- NCLT approves Rs 730 cr resolution plan for Rajesh Business & Leisure HotelsThe National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels. A consortium of Rare Asset Reconstructi...
- NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...
- NCLT approves Mantra Properties buyout of Mulund projectThe company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured cre...
- SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Oberoi Realty & Nirmal Lifestyle get NCLT approval for mergerThe National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Rea...
- NCLAT upholds project-specific insolvency action for realty firmsHomebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- Insolvency process against Raheja Shilas project in Gurugram to continue, says NCLATThe National Company Law Appellate Tribunal has rejected Raheja Developers' request to end insolvency proceedings for its Raheja Shilas pro...
- 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...
- Supertech Township Projects lender rejects settlement proposal, NCLAT to decide on insolvencyPunjab & Sind Bank has rejected the settlement proposal from debt-ridden Supertech Township Projects. NCLAT will decide the insolvency case...
- NCLAT limits insolvency against Raheja to one project only, seeks report for other projectsThe National Company Law Appellate Tribunal (NCLAT) has narrowed down insolvency proceedings against Raheja Developers to just its 'Raheja ...
- Centre may junk special IBC framework plan for real estateAfter extensive deliberations, the government now reckons that such sector-specific mechanisms within the IBC could dilute the very essence...
- IBBI proposes smooth registration of occupied flats in insolvent realty projectsThe proposals assume importance, as they seek to not just expedite resolution of insolvent realty projects but also provide relief to homeb...
- Successful resolution seen in 62% realty insolvency casesThe possibility of the government bringing in changes to the code to allow resolution depending on the nature of the projects instead of st...
- NBCC, Suraksha Realty submit revised bid for Jaypee InfratechBoth NBCC and realty developers Suraksha Realty have submitted revised bids for Jaypee. While Suraksha Realty has upped its offer to Rs 7,9...
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