Real Estate
NCLAT Directs PNB to Refund Rs 4.5 Crore to Vegan Colloids Liquidator
The National Company Law Appellate Tribunal (NCLAT) has directed Punjab National Bank (PNB) to refund Rs 4.5 crore to the liquidator of Vegan Colloids Ltd. This ruling underscores the importance of adhering to the Insolvency and Bankruptcy Code (IBC) and protects the interests of creditors and other stakeholders.
real estate news
Supreme Court Halts NCLAT Order, NBCC Stalled Housing Projects Transfer on Hold
The Supreme Court has stayed an NCLAT order that allowed NBCC to take over stalled housing projects. Supertech Limited, a prominent real-estate company, has been involved in the development of various housing projects in Noida, Greater Noida, and other ci
Real Estate Mumbai
NCLAT Approves Indiabulls Real Estate's Merger with Embassy Group
The National Company Law Appellate Tribunal (NCLAT) has given the green light for the merger between Indiabulls Real Estate and Embassy Group, a move aimed at creating a leading Pan-India real estate company.
real estate news
NCLAT Appoints NBCC to Complete 16 Supertech Housing Projects in UP and Other States
NBCC will take over and complete 16 housing projects with a total of 49,748 units in Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The tentative construction cost is significant, and the move aims to ensure timely completion and delivery to affected
Real Estate
NCLAT Appoints NBCC as Consultant for Supertech's Housing Projects
State-owned NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 1,000 crore.
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.