My Account
Feb 11, 2021 02:11 PM IST Resolution plan seems to be “totally inequitable, unjust and highly objectionable”, rules NCLT and directs liquidation of Lotus City project promoted by Three C Company
Jan 08, 2021 03:18 PM IST Real estate accounts for nearly 20% share or approximately 793 corporate insolvency resolution process as of September-end 2020. Of these, over half or approximately 398 CIRPs have already been closed
Sep 25, 2020 02:34 PM IST The extension unlikely to impact ongoing cases. However, delivery of homes may get delayed and buyers may not be able to initiate corporate insolvency resolution process (CIRP) in case of fresh matters
Jun 09, 2020 07:15 PM IST Construction work is currently being overseen by the interim monitoring committee
May 19, 2020 07:55 AM IST Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts
Apr 23, 2020 12:30 PM IST It was cleared on April 22 and has been moved as a one-time measure
Mar 31, 2020 08:35 AM IST Passing a suo motu order, a three-member NCLAT bench headed by Acting Chairperson Justice B L Bhat said that it would applicable in all the corporate insolvency resolution process, which has been initiated or pending, or pending in Appel before the benches of NCLTs or before the appellate tribunal.
Mar 30, 2020 08:50 AM IST Against the backdrop of the 21-day lockdown to curb spreading of coronavirus infections, the Insolvency and Bankruptcy Board of India (IBBI) has amended certain regulations.
Mar 11, 2020 06:37 PM IST Legal experts said that timely compliance of the order is essential to ensure that projects are not delayed.
Mar 06, 2020 12:37 PM IST It remains to be seen how the two modifications–payment to ICICI within 18 months and the concessionaire agreement with YEIDA- are dealt with.
Mar 03, 2020 06:18 PM IST The Rs 750 crore deposited by Jaiprakash Associates would also be part of the plan, NCLT said.
Mar 02, 2020 01:49 PM IST The onus is now on the SC to find a middle-ground whereby rights of homebuyers as financial creditors are not curtailed and the developers are not made to bear the brunt of unfettered rights vested in the hands of buyers
Feb 24, 2020 09:31 PM IST These include open plots, residential, commercial and industrial properties across the country.
Feb 24, 2020 07:28 PM IST The Standing Committee on Finance held a meeting with representatives of homebuyers on February 24 to give them a hearing on the proposed changes in the IBC.
Feb 11, 2020 03:45 PM IST While some legal experts are of the view that this would ensure completion of projects, others caution that the order is contrary to the fundamental tenets of insolvency and may lead to chaos
Feb 11, 2020 10:28 AM IST Buyers are directly impacted by these changes and should be given an opportunity to be heard
Jan 13, 2020 01:14 PM IST The court to examine the validity of Centre’s decision to amend the code that requires at least 100 or 10% of the homebuyers of a project fixed to begin insolvency against builders.
Jan 06, 2020 07:37 PM IST Threshold of 100 homebuyers against ‘fundamental rights guaranteed in the Constitution,’ buyers said.
Dec 31, 2019 01:50 PM IST 2019 was a year of 'recovery and recuperation'. Regulatory seeds sown this year are expected to bear fruits in 2020.
Dec 16, 2019 06:42 PM IST Some take a cautious approach and vote for both Suraksha Realty and NBCC
Dec 12, 2019 11:33 AM IST Protecting a company from the actions of its promoters will help the acquirer in an insolvency process. But it could create a moral hazard
Dec 11, 2019 10:36 PM IST For the real estate sector, the IBC Amendment Bill 2019 stipulates that insolvency action can be initiated only if 10 percent or 100 homebuyers (whichever is lower) or debenture holders agree to the move.
Dec 03, 2019 10:08 PM IST NBCC in its final bid has offered 1,526 acres of land to lenders as against its earlier proposal of 1,426 acres; Suraksha Realty proposes 2,220 acres of land worth Rs 9,800 crore under the land-debt swap deal
Dec 02, 2019 12:56 PM IST Suraksha may increase amount promised as compensation for delay; may hand over 250 towers in three years to buyers.
Nov 28, 2019 08:16 PM IST Buyers demand delay compensation; Bidders asked to submit revised final proposals by December 3
