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SUPREME HOUSING NCLT
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....- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- 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...
- Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
- SC asks NCLT to expedite call on Supertech oversight panelThe Supreme Court has directed the National Company Law Tribunal to quickly decide if a court-appointed committee is needed for Supertech's...
- 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...
- Canara Bank invites bids to sell ₹577-cr Supreme Hospitality loanCanara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a ...
- NCLT orders insolvency proceedings against Subhash Chandra on Indiabulls Housing Finance pleaIndiabulls Housing Finance Ltd (IHFL) had moved NCLT after Vivek Infracon had in 2022 defaulted a payment of around Rs 170 crore. Vivek Inf...
- Jio proposes to deposit Rs 3,720 crore in escrow account to acquire RCom's tower, fibre assetsJio's subsidiary Reliance Projects and Property Management Services in an application before NCLT last month said that the company is commi...
- NCLT reserves order on Reliance Retail's plea to seek shareholders nod on Future Retail dealThe division bench of NCLT, preceded by a judicial member Suchitra Kanuparthi and a judicial member Rajesh Sharma, asked if the lenders to ...
- Insolvency and Bankruptcy Code works, but it could work betterThe bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has advised lend...
- NCLT approves Piramal’s resolution plan for DHFLWhile allowing the petition filed by the RBI-appointed administrator to approve the successful resolution plan, the tribunal also dismissed...
- Appellate Tribunal stays Mumbai NCLT order to consider Kapil Wadhawan's DHFL settlement offerBut, this does not debar the insolvency court in Mumbai to pronounce its decision on the resolution plan submitted by the Piramal group, wh...
- Lenders can recover dues from personal guarantors: Supreme CourtCreditors can initiate insolvency proceedings against such persons in the National Company Law Tribunal (NCLT), the court said Friday, upho...
- Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLTThe NCLT Delhi bench on Tuesday approved the bid of state-owned NBCC to acquire debt-laden JIL through an insolvency process and complete a...
- NBCC ready with backup plan if it doesn’t get Rs 750 cr for JaypeeThe National Buildings Construction Corporation (NBCC) in its resolution plan, had put in a condition saying that it has the right to withd...
- NCLT orders liquidation of Adhunik Metaliks, Zion SteelThe NCLT though rejected a plea by the committee of creditors to be allowed to consider the offer.
- NCLT cannot take decision on bids for Bhushan Steel: SCBoth potential buyers have also offered to invest an additional Rs 7,000 crore in the operations of the company.
- Tata Housing, Lodha Group keen to buy Jaypee's Yamuna ExpresswayThe property’s richest attraction is its extensive land bank, with facilities either proposed or already functioning in the immediate vicin...
- Centre working on comprehensive bankruptcy code for improving business environmentThe bankruptcy code will help reorganise a stressed business in a short span without endless litigation which erodes the viability of an en...
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