Real Estate Mumbai
CBI Busts Rs3 Lakh Bribery Case: Deputy Registrar of NCLT Mumbai Among Those Arrested
The Central Bureau of Investigation (CBI) has arrested a deputy registrar of the National Company Law Tribunal (NCLT) in Mumbai and an individual in a Rs3.30 lakh bribery case. The arrests were made following a complaint from a hotel owner who alleged coercion to pay a bribe for a favorable outcome in a long-running corporate dispute.
Real Estate Mumbai
Kanakia Group Plans Real Estate Demerger, Seeks NCLT Approval
Mumbai-based Kanakia Group is planning to demerge its real estate division, Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd, to attract investors and enhance financial flexibility. The group has approached the NCLT for approval.
Real Estate
Kanakia Group Seeks NCLT Approval to Demerge Real Estate Division
Mumbai-based Kanakia Group is planning to demerge its real estate division, Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd, to attract investors and enhance financial flexibility. The group has approached the NCLT for approval.
real estate news
Noida Real Estate Developer Arrested for ₹165 Crore Bank Fraud
A prominent Noida real estate developer has been arrested by the Economic Offences Wing (EOW) for allegedly defrauding banks to the tune of ₹165 crore. The case gained traction after a financial creditor approached the National Company Law Tribunal (NCLT), alleging that 75 flats mortgaged to them had already been pledged to other financial institutions.
Real Estate
Suraksha Group Set to Deliver Jaypee Projects Within 40 Months, Offering Hope to Homebuyers
Suraksha Group, a leading real estate developer, is on track to complete the long-pending Jaypee projects within the stipulated 40-month timeline, bringing renewed hope to thousands of homebuyers.
Real Estate
Nuvoco Vistas Secures NCLT Approval for Vadraj Cement Acquisition
Nuvoco Vistas Corp., a prominent player in the construction materials sector, has secured approval from the National Company Law Tribunal (NCLT) to acquire Vadraj Cement. The phased investment will be spread over 15-18 months, solidifying Nuvoco's position in the Indian cement market.