Real Estate
NCLAT Restores Struck-Off Real Estate Firm, Protecting Rs. 6 Crore Goa Land in Public Interest
The National Company Law Appellate Tribunal (NCLAT) has restored the name of M/s Elegance Property Developers Pvt Ltd to the Register of Companies, overturning a 2024 NCLT order. The bench of Justice Yogesh Khanna (Judicial Member) observed that the company, which owns prime real estate in South Goa, was wrongly denied revival by the NCLT on limitation grounds.
Real Estate Maharashtra
NCLAT Upholds NCLT Order, Paves Way for Supertech Realtors' Insolvency Proceedings
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal (NCLT) order, clearing the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project in Noida. The decision follows a petition filed by Bank of Maharashtra over a default claim.
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.
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.
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
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 Maharashtra
Supertech Realtors Insolvency Case: NCLAT Delays Proceedings Pending Lenders' Decision
Supertech Realtors, NCLAT, insolvency, Supernova project, lenders, settlement offer, real estate, construction, Delhi-NCR, Bank of Maharashtra, Kotak Advisors
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 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
real estate news
Adani Goodhomes' Resolution Plan for Radius Estates Upheld by NCLAT
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes' resolution plan to take over the bankrupt real estate company Radius Estates