Dues

The Centre says ITI Limited has an order book of Rs 18,746 crore but continues to make losses

Karnataka: KSRTC to take Rs 624-crore loan to clear PF, other dues

The state government In December permitted four STUs, including KSRTC and BMTC, to avail a Rs 2,000 crore loan

Karnataka labour minister urges Byju's to settle dues of former employees

The labour department has received complaints from nearly 200 employees amounting to around Rs 4.5 crore in dues.

Byju’s crisis: Employees grapple with financial distress, humiliation, emotional trauma

A group of Byju’s employees is planning to take the company to the National Company Law Tribunal, where the edtech firm is already embroiled in legal battles with seven of its stakeholders.

Byju’s asked by Karnataka labour department to settle dues of former employees

The notice from the labour department is the latest in a string of challenges that the troubled edtech firm is facing

Delhi HC directs SpiceJet to pay $450,000 to two engine lessors by January 3

The lessor, Team France 01 SAS and Sunbird France 02 SAS moved a suit alleging that the airline has not paid them a sum of $12.9 million for a over two years. They furthermore asked the court to restrain the airline from using their three engines despite the termination of lease

Vodafone Idea plans to clear about Rs 2,400 cr dues by September

"Vodafone Idea will clear dues for the June 2023 quarter and spectrum instalment with applicable interest by September, " the source said. Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year.

Drug overpricing: Govt plans amnesty scheme to recover dues from pharma companies

The National Pharmaceutical Pricing Authority (NPPA), responsible for overseeing drug pricing, has identified 2,200 cases of overpricing within the pharmaceutical industry

Noida Authority asks real estate developers to open escrow accounts; aims to recover Rs 7,000 cr dues

These accounts will be jointly operated by the builders and the Authority and will make it difficult for builders to divert funds to other projects or means.

Power discoms’ average AT&C losses have reduced to 13.5% in FY23: Power Secretary

In 2021, the government had set the target to bring down AT&C losses to 12-15 percent by the financial year 2025. However, going by the latest provisional data, the government is likely to have achieved this target two years in advance.

Delink developer penalties with registrations to give relief of over 45,000 homebuyers in Noida, Greater Noida: UP-Rera Chairman

The real estate regulator has recommended several measures, including cancelling land allotments, to help over 1.65 lakh buyers. If implemented, the recommendations can resolve more than 70 percent of cases, UP-RERA Chairman Rajive Kumar tells Moneycontrol.

Power minister aims to clear legacy dues, criticises politicization of electricity

When somebody says that power is free, it means that you pay more taxes because ultimately it is the taxpayer who is bearing the brunt of the free power, the Union minister for power said.

Wave Megacity’s 38 Noida properties to be auctioned for non-payment of dues

Uttar Pradesh Real Estate Regulatory Authority had issued recovery certificates against the developer over non-payment of dues of Rs 136 crore

Jet Airways case: NCLAT to pronounce orders in consortium’s plea against SBI on May 30

Jet Airways was grounded in April 2019 over piling losses and debt of about Rs 8,000 crore. In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the Jalan-Kalrock consortium.

Noida Authority seals unsold flats, offices of builders over non-payment of dues

Developers against whom the action has been initiated include Gardenia Aims Developers Private Limited, Logix Infrastructure Private Limited and Gardenia Gateway India Limited.

Noida Authority earns Rs 6,456-crore revenue in FY23, 32% above target

E-auctioning of housing and commercial plots was a significant factor; would have been higher had defaulting developers paid their dues.

Developers in UP’s Gautam Budh Nagar oppose coercive recovery actions against builders

Builders owe an estimated Rs 40,000 crore, including premium, interest and penal interest against allotted plots on which real estate projects are in different stages of execution.

UP developers’ body demands OTS scheme akin to Haryana’s ‘Samadhan Se Vikas’, or Centre’s ‘Vivad Se Viswas’

Builders are estimated to owe Rs 40,000 crore to Noida, Greater Noida and YEIDA, by way of premium, interest and penal interest on land allotted to them on which real estate projects are in different stages of execution.

Only 16,800 homebuyers could get flats registered in Gautam Budh Nagar until February 2023: Data

Many builders have either not paid their dues to the authorities or are yet to complete projects, forcing hapless homebuyers to wait endlessly.

Noida Authority to issue recovery certificates against defaulter builders, upload information on website

Directions were also issued to immediately display information regarding dues of builders, defaulters, project wise occupancy and completion certificates and updated status of registry of flats on the website of the Authority.

Greater Noida Authority to cancel plots allotted to builders who have not cleared dues

Builders owe nearly Rs 13,500 crore to GNIDA. Only 10 defaulter builders have so far applied for the re-schedulement policy, which was launched in December 2022.

ATC not sure that Vodafone Idea will be able to clear dues in January

During the September quarter, the shortfall in payments from VIL totalled approximately USD 48 million (about Rs 392 crore).

Dues unpaid, project not completed: Greater Noida Authority cancels two plots of Parsvanath Developers

The Authority will take over both the plots — located in Greater Noida’s Sector Pi — and allot them afresh.

Centre clears Rs 8,800 crore GST dues: Karnataka CM, Basavaraj Bommai

The CM said his government had appealed to the union government for extending GST compensation period by another two years, but it was rejected citing rules.

AAI seeks waiver of annual dividend payment for 2021-22 fiscal

State-owned AAI, which is in the red mainly after the impact of the coronavirus pandemic, is expected to post a loss of Rs 800-900 crore in 2021-22 fiscal.