Real Estate Pune
Bidders Raise Offers in Lavasa Corp's Third Round; Valor Estates Leads
In the third round of bidding for the debt-laden Lavasa Corp, all three bidders have increased their financial offers, with Valor Estates leading the race. The competition for this ambitious hill town project in Pune is intensifying, and the creditors have extended the timeline to thoroughly evaluate the revised bids.
Real Estate
Jaiprakash Infratech to Challenge Rejected Bid for Jaiprakash Associates in Court
Jaiprakash Infratech Ltd, a leading real estate firm, is set to challenge in court the rejection of its bid to acquire Jaiprakash Associates Ltd (JAL), which could delay the ₹57,000 crore resolution process.
real estate news
Oberoi Realty Consortium Wins ₹919 Crore Bid for Hotel Horizon
Oberoi Realty, along with Shree Naman Developers and JM Financial Properties, has won the bid for Hotel Horizon through the IBC process, marking a significant milestone in the real estate sector.
real estate news
JM Financial Acquires 142,000 Sq Ft in Mulund Commercial Project via Bankruptcy Settlement
JM Financial Products secures 142,000 square feet of office space in a new commercial building in Mumbai's Mulund, as part of a bankruptcy settlement involving Ariisto Realty. The deal, valued at around Rs 150 crore, is part of a court-mediated corporate insolvency resolution process.
real estate news
Khaitan & Co Guides SES Energy Through Complex Corporate Insolvency Resolution
Khaitan & Co, a leading law firm, successfully advised the resolution professional of SES Energy Services India Private Limited in a unique corporate insolvency resolution process.
Real Estate
IBBI Amends Rules to Ease Homebuyers' Woes in Insolvency Process
The Insolvency and Bankruptcy Board of India (IBBI) has introduced new rules to assist distressed homebuyers by allowing them to take possession of their properties during the resolution process. These measures aim to enhance the efficiency and transparen
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
IBBI's New Regulations for Corporate Insolvency Resolution: What You Need to Know
New regulations for corporate insolvency resolution in India: How they impact real estate projects and more.
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
Revamping Insolvency Resolution: Addressing the Plight of Operational Creditors under IBC
The median recovery for operational creditors under the Insolvency and Bankruptcy Code (IBC) stands at a mere 6%, highlighting the need for a hybrid insolvency resolution process to address their concerns.
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