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Apr 08, 2021 09:45 AM IST In a judgment delivered on March 24, the Supreme Court had said the IRP can invite modified or fresh resolution plans only from Suraksha Realty and state-run NBCC.
Apr 05, 2021 05:48 PM IST In its application submitted before the Supreme Court, it says that there has been ‘significant commercial impact’ on the operations of the corporate debtor on account of the COVID-19 pandemic and that a ‘cash flow’ imbalance may arise due to non-availability of Rs 750 crore.
Mar 27, 2021 09:35 PM IST The work has been awarded on EPC (Engineering, Procurement and Construction) basis.
Mar 25, 2021 09:00 PM IST The group’s wholly-owned subsidiary, Gaursons Hitech Infrastructure Pvt Ltd, to execute the projects
Mar 24, 2021 07:45 PM IST Homebuyers living in rented houses and paying EMIs for a decade are disappointed that the process seems to go on and on, but legal experts say that Supreme Court has done well to settle complex issues involving conflicting interests, which will help consumers.
Feb 25, 2021 12:14 PM IST Geojit is bullish on NBCC has recommended buy rating on the stock with a target price of Rs 45 in its research report dated February 23, 2021.
Feb 23, 2021 08:21 PM IST Buyers say the Supreme Court order on the Jaypee matter is awaited; construction may begin within four to five months after the order is received.
Feb 18, 2021 02:43 PM IST ICICI Direct recommended hold rating on NBCC with a target price of Rs 35 in its research report dated February 17, 2021.
Feb 11, 2021 06:51 PM IST The high court also observed that while decentralisation of offices was the need of the hour, it cannot be said that there was total prohibition on relocation of central PSU offices within Delhi at present, making the present project illegal.
Jan 16, 2021 03:44 PM IST These units, which include villas and penthouses, are in Noida and Greater Noida. The price has not been decided yet but the 37 residential units are likely to be sold for Rs 40 to 45 crore.
Jan 04, 2021 10:14 PM IST The Supreme Court’s direction came after the receiver R Venkatramani informed the court that he was not getting adequate response from the banks regarding his proposal for financing Amrapali projects.
Nov 23, 2020 09:16 PM IST The project also offers residential development of 8.5 acres which will be leased by RLDA.
Nov 19, 2020 10:34 AM IST NBCC’s order book more than tripled in five years to FY20. But its revenues lagged on slow execution and weak asset monetisation
Oct 19, 2020 03:36 PM IST COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.
Sep 21, 2020 07:36 PM IST The Supreme Court also directed homebuyers to clear their dues by October 31, failing which the court receiver may be compelled to cancel their allotments
Sep 03, 2020 06:06 PM IST NBCC has to generate Rs 8,000 crore to complete all stalled Amrapali projects within three years. Around 50 percent of the amount is to be paid by homebuyers; part of the money is expected to come from unsold inventory and from the sale of Floor Area Ratio
Aug 31, 2020 05:36 PM IST SBICAP informs SC that it may be difficult to fund Amrapali projects below 12 percent interest
Aug 24, 2020 08:25 PM IST Work on all projects are likely to be completed within 9 to 36 months. Completion depends on timely deposit by homebuyers and arrangement of funds from other sources, says NBCC CMD PK Gupta.
Jul 28, 2020 09:40 AM IST The company has bagged orders for the construction of police headquarter and attorney general’s office in Seychelles.
Jul 08, 2020 01:00 PM IST It received an order worth Rs 284.63 crore from BHEL for construction works of natural draught cooling towers for Package -1 and Package – 2 of 5X800 MW Yadadri supercritical thermal power project, according to a regulatory filing by the company.
Jun 18, 2020 07:48 AM IST At the Amrapali case hearing on June 3, SBICAP Ventures had informed the Supreme Court that it would create a Special Purpose Vehicle (SPV) with the court receiver and appoint a CEO to take over the construction of stalled projects in Noida and Greater Noida.
Jun 15, 2020 06:26 PM IST The estimated cost of completion of all 40,000-odd pending units of Amrapali is around Rs 8,500 crore
Jun 09, 2020 07:15 PM IST Construction work is currently being overseen by the interim monitoring committee
May 22, 2020 09:03 PM IST The court receiver has suggested that the GST authorities be directed to waive GST on construction of the Amrapali projects. The next date of hearing is scheduled for May 27
Apr 22, 2020 07:56 PM IST Sources said that while no construction can begin immediately due to the COVID-19 situation, there will now at least be an interim arrangement in place to start the ball rolling.
