Real Estate
Vedanta Seeks CCI Approval for ₹17,000 Crore Jaiprakash Associates Bid
Vedanta has submitted a bid of ₹17,000 crore for the acquisition of Jaiprakash Associates (JAL), which has interests in real estate, cement, hospitality, and EPC. The proposal includes ₹3,800 crore upfront and annual payments of ₹2,500–3,000 crore over the next five years.
real estate news
Supreme Court Warns Against Speculative Real Estate Investors
The Supreme Court of India has issued a strong warning against speculative investors in the real estate sector, emphasizing their detrimental impact on genuine homebuyers and the overall market.
Real Estate
Supreme Court Warns Against Speculative Investors in Real Estate
The Supreme Court has highlighted the misuse of insolvency proceedings in the real estate sector by speculative investors, cautioning that such practices can jeopardize the interests of genuine homebuyers.
Real Estate Maharashtra
Supreme Court Calls for IBC Overhaul and Revival Fund for Stressed Real Estate Projects
The Supreme Court has urged major reforms in the Insolvency and Bankruptcy Code (IBC) and the establishment of a revival fund to support stressed real estate projects. It emphasized that the Right to Housing is a fundamental right and called for comprehensive measures to protect homebuyers and the economy.
Real Estate
Supreme Court Declares Right to Housing as Fundamental Right Under Article 21
In a landmark judgment, the Supreme Court has declared that the right to housing is a fundamental right under Article 21 of the Constitution, urging the Union Government to create a revival fund to support stressed real estate projects and protect genuine homebuyers.
Real Estate Mumbai
Oberoi Realty Secures Rs 9.19 Billion Deal for Hotel Horizon
Mumbai-based Oberoi Realty Ltd is set to acquire the debt-ridden Hotel Horizon for Rs 9.19 billion. This strategic move is part of the company's broader expansion plans in the luxury real estate sector.
Real Estate
Adani Group's Strategic Expansion Through Distressed Asset Acquisitions
The Adani Group is aggressively leveraging the Insolvency and Bankruptcy Code (IBC) to acquire distressed assets across power, infrastructure, and real estate sectors, strengthening its market presence and driving growth.
Real Estate
Max Estates Breaths New Life into Stalled Delhi One Project in Noida
Realty major Max Estates Ltd has officially taken over the long-stalled Delhi One project in Noida through the resolution process under the Insolvency and Bankruptcy Code (IBC). This move is expected to revive the luxury housing project and bring relief to thousands of homebuyers who have been waiting for years.
Real Estate
Adani Group Set to Acquire Jaiprakash Associates Through Insolvency Process
Jaiprakash Associates Limited (JAL), a company with diverse businesses in cement, power, and real estate, is currently undergoing insolvency resolution. The Adani Group has emerged as the potential buyer, signaling a significant shift in the Indian corpor
real estate news
NCLT Mumbai Endorses ₹44.5 Crore Resolution Plan for Vidhant Realty
The National Company Law Tribunal (NCLT) in Mumbai has approved a ₹44.5 crore resolution plan for Vidhant Realty Pvt Ltd, a significant step in the insolvency and bankruptcy process for real estate companies. This move underscores the capability of the In
real estate news
Experts Hail IBC's Impact on Reviving Stalled Real Estate Projects
Industry experts have praised the Insolvency and Bankruptcy Code (IBC) for its significant role in revitalizing stalled real estate projects, particularly in the wake of the economic downturn. This initiative has brought much-needed hope to investors and
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
NCLAT Puts Coastal Energen Resolution Plan on Hold Amidst Allegations of Irregularities
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has stayed the implementation of the resolution plan for Coastal Energen, a power generation company, amidst allegations of irregularities in the bidding 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 Pune
Insolvency Professional Entities: Eligible for Resolution Professional Appointment?
The National Company Law Tribunal (NCLT) has ruled that Insolvency Professional Entities (IPEs) are qualified to be appointed as Resolution Professionals (RPs) under the Insolvency and Bankruptcy Code, 2016.
Real Estate
Revamping Insolvency Resolution: Addressing the Plight of Operational Creditors under IBC
The median recovery for operational creditors under the Insolvency and Bankruptcy Code (IBC) stands at a mere 6%, highlighting the need for a hybrid insolvency resolution process to address their concerns.
Real Estate Mumbai
Adani Goodhomes' Resolution Plan for Radius Estates Upheld by NCLAT
The National Company Law Appellate Tribunal (NCLAT) has upheld the resolution plan proposed by Adani Goodhomes to take over bankrupt real estate company