Real Estate
NCLAT Dismisses Financial Creditor Claim Due to Invalid Guarantee
The National Company Law Appellate Tribunal (NCLAT) has dismissed a financial creditor claim, stating that a valid and binding corporate guarantee was not executed by the corporate debtor.
Real Estate
NCLAT Upholds Eviction of Hotel Operator Following Resolution Plan Approval
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Nazru S. Basheer, the proprietor of Hotel MB International, upholding an NCLT order that directed him to vacate the hotel premises after the approval of a resolution plan for Pancard Clubs Ltd.
real estate news
NCLAT Rejects Byju’s Resolution Professional’s Petition in Aakash Shareholding Dispute
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by the Resolution Professional of Byju’s, challenging an NCLT order to maintain the status quo regarding the company’s stake in Aakash Educational Services.
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.