The National Company Law Appellate Tribunal (NCLAT) has declined Raheja Developers’ plea to close the insolvency resolution process against its project Raheja Shilas in Gurugram, after observing that the issues...
NCLAT reverses insolvency proceedings against Vatika Ltd
NCLAT has reversed the National Company Law Tribunal (NCLT) order of initiation of insolvency proceedings against Gurgaon-based real estate developer Vatika Ltd. The matter pertained to proceedings initiated under the...
ArisInfra Solutions to merge with ArisUnitern RE Solutions
ArisInfra Solutions Limited (ARIS), one of India’s leading tech-enabled supply and services companies for the construction and real estate sectors, has approved the amalgamation of ArisUnitern RE Solutions, its...
NCLT allows withdrawal of insolvency proceedings against ATS group project
The National Company Law Tribunal has allowed the withdrawal of ATS Group’s premium Noida project ATS Knightsbridge from the corporate insolvency resolution process (CIRP), giving relief to homebuyers. The withdrawal...
NCLAT restores insolvency appeal filed against Dilip Buildcon
The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company. A two-member bench of the NCLAT on December 12...
NARCL to buy Kurukshetra e-way debt
Government-backed National Asset Reconstruction Company (NARCL) is set to acquire the Rs 1,500 crore debt of Kurukshetra Expressway (KEPL) because no other buyer has offered a better price, said a person familiar with...
ICICI Prudential AIF acquires Pune IT park asset to expand yield-focused office portfolio
An alternative investment fund managed by ICICI Prudential Asset Management Company has acquired a grade-A office asset in Pune, expanding its strategy of building a portfolio of income-generating commercial real estate...
Bankruptcy Court approves Raigarh Champa rail infrastructure’s acquisition by JSW Energy
The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival...
Mahagun gets insolvency relief as NCLT clears settlement with IDBI Trusteeship
Mahagun Group has entered into a settlement with IDBI Trusteeship Services that had initiated insolvency proceedings against the real estate developer, giving hope to homebuyers associated with its ongoing project in...
Suraj Estate Developers inks pact to acquire Hally Pacific
Suraj Estate Developers announced that it has entered into an agreement to acquire a 100% stake in Hally Pacific, to undertake the development of plot situated in Prabhadevi, Mumbai. Hally Pacific incorporated to carry...
Lodha Developers buys 80% stake in Pune-based SRPL for Rs 294 crore to expand business
Realty firm Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan. Mumbai-based Lodha Developers Ltd is one of the leading real estate...
RMZ to pick up 50% stake in Signature Global’s Gurugram project for Rs 1,283 cr
Bengaluru-based RMZ has agreed to invest Rs 1,283 crore for a 50% stake in a commercial project of NCR-based Signature Global in Gurugram. The two companies plan to infuse a total nearly Rs 5,000 crore into the project...
