real estate news
Supreme Court Directs Filling of NCLT/NCLAT Vacancies on War Footing
The Supreme Court has issued directives to fill vacancies in the NCLT and NCLAT on a war footing, aiming to protect the interests of genuine homebuyers and stabilize the real estate sector.
Real Estate
Supreme Court Mandates Urgent Filling of NCLT/NCLAT Vacancies for Real Estate Sector Stability
The Supreme Court has issued comprehensive directions to ensure the stability of the real estate sector and protect the interests of genuine homebuyers. The Court has emphasized the need for a war-footing approach to fill vacancies in NCLT and NCLAT, among other measures.
Real Estate Mumbai
Supreme Court Issues Directives to Protect Homebuyers and Strengthen NCLT and RERA
The Supreme Court has issued a series of directives to improve the functioning of the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), and real estate regulatory authorities, aiming to protect homebuyers and deter speculative misuse of the Insolvency and Bankruptcy Code (IBC).
Real Estate
Supreme Court Issues Directions to Protect Homebuyers and Strengthen NCLT
The Supreme Court has issued a series of directives aimed at improving the functioning of the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), and real estate regulatory authorities to protect homebuyers and deter speculative misuse.
real estate news
Supreme Court Enhances Protections for Homebuyers and Strengthens NCLT
The Supreme Court has issued a series of directives to bolster the National Company Law Tribunal (NCLT) and real estate regulatory authorities, ensuring robust safeguards for homebuyers and preventing speculative misuse of the real estate market.
Real Estate
NCLT's Authority to Investigate Gift Deed Fraud in Oppression and Mismanagement Cases
The Supreme Court of India has ruled that the National Company Law Tribunal (NCLT) has the jurisdiction to examine allegations of fraud related to a gift deed in cases involving oppression and mismanagement under the Companies Act. This decision has significant implications for corporate governance and legal proceedings.
real estate news
Vedanta Offers ₹4000 Crore Upfront for Jaiprakash Associates, Rest Over 5-6 Years
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL) with a bid of ₹12,505 crore on a Net Present Value (NPV) basis. The company will pay ₹4000 crore upfront post NCLT approval and the remaining amount over the next 5-6 years.
Real Estate
Vedanta Emerges as Top Bidder for Jaiprakash Associates with Rs 12,505 Crore Offer
Vedanta Ltd has been identified as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
real estate news
Vedanta Secures Jaiprakash Associates with Rs 4000 Crore Upfront Payment
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAIL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the rest over 5-6 years. This acquisition complements Vedanta's existing businesses in power, real estate, and mining.
Real Estate Mumbai
Mordani Group and IIFL Finance: A High-Stakes Mumbai Real Estate Dispute
A significant dispute between Mumbai-based developer Mordani Group and IIFL Finance, co-founded by billionaire Nirmal Jain, has become public through a series of newspaper notices. The conflict centers around a December 2024 framework agreement and allegations of breach of contract.
real estate news
₹63 Crore Potential Fraud Uncovered in HNG Transactions: Auditor BDO India
Auditor BDO India has flagged ₹63.34 crore in potentially fraudulent transactions by Hindusthan National Glass & Industries Ltd (HNG) during 2019-20 to 2021-22. The transactions involve three entities and are under scrutiny as part of the company's insolvency resolution process.
real estate news
NCLT Failing to Meet Expectations in Real Estate Sector, Says Khattar
Union Housing and Urban Affairs Minister Manohar Lal Khattar criticizes the National Company Law Tribunal (NCLT) for its inefficiency in resolving real estate issues, highlighting the high probability of stressed projects never getting completed.
Real Estate
Housing Minister Manohar Lal Slams NCLT for Failing Homebuyers, Calls for Real Estate Reforms
Union Housing and Urban Affairs Minister Manohar Lal criticizes the National Company Law Tribunal (NCLT) for failing to resolve stalled real estate projects and calls for stricter adherence to RERA norms and faster project approvals.
Real Estate
NCLT Fails to Revive Stalled Real Estate Projects: Manohar Lal Urges Reforms
Union Minister Manohar Lal criticizes NCLT for failing to resolve stalled real estate projects, urging systemic reforms, transparency, and alignment of circle rates with market values.
Real Estate
NCLT Fails to Meet Real Estate Sector Expectations: Union Minister Khattar
Union Housing and Urban Affairs Minister Manohar Lal Khattar has criticized the National Company Law Tribunal (NCLT) for its inability to resolve issues in the real estate sector, highlighting the high probability of stressed projects never getting completed.
real estate news
NCLT Failing Homebuyers: Manohar Lal Calls for Real Estate Reforms
Union Housing and Urban Affairs Minister Manohar Lal criticizes the National Company Law Tribunal (NCLT) for its failure to resolve stalled real estate projects and calls for stricter adherence to RERA norms. He also pushes for faster approvals and aims to double the real estate sector's GDP share by 2047.
real estate news
NCLT's Ineffectiveness in Reviving Stalled Real Estate Projects: Manohar Lal's Critique
Union Housing and Urban Affairs Minister Manohar Lal criticizes the NCLT for failing to revive stalled real estate projects and calls for system improvements, RERA compliance, and GDP growth.
Real Estate
Revamping Real Estate: Manohar Lal Urges Systemic Reforms for Stalled Projects
Union Housing and Urban Affairs Minister Manohar Lal has called for systemic changes to address inefficiencies in resolving stalled real estate projects, emphasizing the need to protect consumer and bank interests.
real estate news
Revitalizing Real Estate: Manohar Lal Advocates for Systemic Reforms
Union Housing and Urban Affairs Minister Manohar Lal calls for major reforms in the real estate sector, including the elimination of cash dealings and aligning circle rates with market rates, to boost the sector's GDP and protect consumer interests.
Real Estate
NCLT Fails to Revive Stalled Realty Projects: Manohar Lal Calls for System Overhaul
Union Housing and Urban Affairs Minister Manohar Lal criticizes the National Company Law Tribunal (NCLT) for its inability to revive stalled real estate projects, emphasizing the need for system improvements, RERA compliance, and GDP growth.