real estate news
Oberoi Realty Consortium Wins ₹919 Crore Bid for Hotel Horizon
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won the bid for Hotel Horizon through the IBC process, marking a significant milestone in the real estate sector.
real estate news
JM Financial Acquires 142,000 Sq Ft in Mulund Commercial Project via Bankruptcy Settlement
JM Financial Products secures 142,000 square feet of office space in a new commercial building in Mumbai's Mulund, as part of a bankruptcy settlement involving Ariisto Realty. The deal, valued at around Rs 150 crore, is part of a court-mediated corporate insolvency resolution process.
real estate news
Khaitan & Co Guides SES Energy Through Complex Corporate Insolvency Resolution
Khaitan & Co, a leading law firm, successfully advised the resolution professional of SES Energy Services India Private Limited in a unique corporate insolvency resolution process.
real estate news
Stock Market Update: Sensex Dips 729 Points, Nifty Falls Below Key Levels
The Indian stock market saw a significant downturn today, with the Sensex closing 729 points lower and the Nifty dipping below crucial levels. The markets were hit by a combination of weak global cues and domestic factors, leading to a sell-off in major s
Real Estate
IBCs Role in Real Estate Default Cases: An In-Depth Analysis
The Insolvency and Bankruptcy Code (IBC) has been a game-changer in dealing with corporate insolvency. But is it equipped to handle default cases by real estate companies? This article delves into the complexities and capabilities of IBC in the real estat
Real Estate
Supertech Township Gets Two Weeks to Finalize Settlement Proposal
NCLAT grants two weeks time for Supertech Township's settlement proposal. Asks firm to publish it on its website so that it can be accessed by all stakeholders.
Real Estate
IBBI's New Regulations for Corporate Insolvency Resolution: What You Need to Know
New regulations for corporate insolvency resolution in India: How they impact real estate projects and more.
Real Estate Mumbai
NCLAT Rejects Tax Claim Against Reliance Communications, Citing Insolvency Initiation
The National Company Law Appellate Tribunal (NCLAT) has dismissed a tax claim filed by the state tax department against Reliance Communications, stating that the assessment was made after the initiation of the insolvency resolution process.
Real Estate Mumbai
India's NCLT Sets New Benchmark with 269 Resolution Plans Approved in FY24
In a significant development, the National Company Law Tribunal (NCLT) has approved a record 269 resolution plans in the fiscal year 2023-24, marking a major milestone in the country's efforts to tackle corporate insolvency.
real estate news
Adani Goodhomes' Resolution Plan for Radius Estates Gets NCLAT Nod
NCLAT upholds Adani Goodhomes' resolution plan for bankrupt real estate company Radius Estates
Real Estate
Adani Goodhomes Wins Approval for Radius Estates Takeover
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes' resolution plan to acquire bankrupt real estate company Radius Estates.