CK Asset Holdings, founded by billionaire Li Ka-Shing, said on Thursday it has submitted a bid for the Hong Kong headquarters of embattled Chinese developer Evergrande Group. Evergrande recently assigned real estate...
Ascendas in talks with L&T Realty to buy planned office assets
Singapore-based Ascendas India Trust is in advanced talks with L&T Realty for a forward purchase agreement to acquire its real estate development arm’s portfolio of proposed commercial properties, said two...
NCLT admits insolvency plea against Nirmal Lifestyle Kalyan
A bankruptcy court in Mumbai has admitted property developer Nirmal Lifestyle Kalyan Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP) following a plea filed by Srei Equipment Finance Ltd. Kolkata-based...
NCLT dismisses Gateway Offshore’s insolvency plea against Pune-based Runwal Realtors
The dedicated bankruptcy court has dismissed a petition filed by Gateway Offshore against Pune-based realty developer Runwal Realtors to admit the company under the Corporate Insolvency Resolution Process (CIRP). The...
CPP Investments to buy Brookfield’s India roads portfolio in Rs 9.3k crore deal
Canada Pension Plan Investment Board (CPP Investments), the largest pension money manager in Canada, has agreed to buy a portfolio of Indian road assets from Brookfield in a deal valued at around Rs 9,300 crore ($1.2...
NCLAT limits Supertech’s insolvency to one project
The National Company Law Appellate Tribunal (NCLAT) has said that the Committee of Creditors (COC) will be limited to Eco Village project of the company and other projects will continue to be constructed by the...
Bankruptcy proceedings to begin against Radius promoter Chhabria
The bankruptcy court has ordered personal insolvency proceedings against Sanjay Chhabria, promoter of property company Radius Group. This is the first high-profile case to be admitted for personal insolvency since...
NCLAT orders fresh hearing in Radius Estate insolvency row, sets aside earlier order
The National Company Law Appellate Tribunal (NCLAT) has directed the Mumbai bench of bankruptcy courts to hear afresh the insolvency dispute involving realty developer Radius Group. Piramal Group, the biggest lender...
NCLT dismisses insolvency petition of Wave group, imposes Rs 1 crore penalty
The National Company Law Tribunal (NCLT) has dismissed the petition of Wave Mega City Center (WMCC) Private Limited had approached the tribunal under section 10 of the Insolvency and Bankruptcy Code to initiate the...
Yes Bank’s insolvency petition against Radius Infra admitted
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a plea of Yes Bank to initiate bankruptcy proceedings against real estate developer Radius Infra Holdings for the failure of group firms to repay...
Aurum PropTech buys Goldman Sachs-backed co’s arm HelloWorld, CareerSocially
Aurum PropTech Ltd, formerly known as Majesco Ltd, as part of its continued inorganic growth strategy, has acquired Goldman Sachs-backed Nestaway’s co-living subsidiary HelloWorld Technologies India and real estate data...
HDFC, HDFC Life insurance acquires stake in Xanadu Realty
India’s largest private sector mortgage lender Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Life Insurance Company has acquired a stake in a real estate business accelerator firm Xanadu Realty...
