The NCLAT allowed ATS group firm Ananda Divine Developers to withdraw its petition against an NCLT order following the settlement of a financial dispute with Venture. The NCLT had directed to initiate insolvency...
Signature Global Raises ₹400 Crore From Hdfc Capital
Affordable housing developer Signature Global has raised ₹400 crore from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital. The funding will be used for land acquisition and project...
Supertech Insolvency: Lender Seeks Better Settlement Plan
Union Bank of India, the lender on whose application NCLT had initiated insolvency proceedings against Supertech Ltd, submitted before the appellate tribunal NCLAT that the debt-ridden company should come up with a...
HDFC inks pact to sell 10% equity in HDFC Capital to Abu Dhabi Investment Authority
India’s largest private mortgage lender Housing Development Finance Corporation (HDFC) has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly-owned subsidiary HDFC Capital...
Supertech Seeks Time, Nclat Stays Formation Of Committee Of Creditors
Providing some relief to Supertech Ltd, the National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the formation of the committee of creditors under the insolvency proceedings till April 19 as the real estate...
NCLAT stays formation of committee of creditors to overtake Supertech group
The National Company Law Appellate Tribunal (NCLAT) has stayed formation of Committee of Creditors (COC) to overtake Supertech Ltd, against whom the Delhi bench of the National Company Law Tribunal had ordered...
NCLT initiates insolvency proceedings against a group company of realty developer ATS
The Delhi bench of the National Company Law Tribunal has initiated bankruptcy proceedings against Anand Divine Developers Pvt Ltd, a group company of realty developer ATS over dues of Rs 25 crore. According to the NCLT...
Real estate developer Supertech declared insolvent by NCLT
The Delhi bench of the National Company Law Tribunal on Friday ordered bankruptcy proceedings against realty developer Supertech for default on payment of Rs 431 crore to a consortium of banks. The NCLT appointed Hitesh...
ICICI Bank to acquire 5% stake in NARCL
ICICI Bank on Friday announced that the private lender has signed an agreement on March 10, 2022 for investment in National Asset Reconstruction Company Limited (NARCL). NARCL is an asset reconstruction company, which...
Adani Properties leads race to buy HDIL
Adani Properties is a frontrunner among eight resolution applicants for bankrupt real estate developer Housing Development Infrastructure (HDIL), two people aware of the development said. The other applicants include...
NCLT allows withdrawal of insolvency proceedings against Nirmal Lifestyle
The National Company Law Tribunal (NCLT) has allowed withdrawal of insolvency proceedings against real estate development firm Nirmal Lifestyle and has also lifted a moratorium on the company. Nirmal Lifestyle has...
Aurum PropTech to acquire 53% stake in co-living platform Grexter Housing Solutions
Aurum PropTech, formerly known as Majesco, has approved acquisition of 53% equity stake in Bangalore-based co-living company Grexter Housing Solutions for Rs 27 crore. Grexter Living will be utilising this growth...
