The bankruptcy court has admitted Privilege Power and Infrastructure, an affiliate of Housing Development and Infrastructure (HDIL), under the Corporate Insolvency Resolution Process (CIRP). The Mumbai bench of the...
Triton-controlled Crayfish takes 9.9% stake in Finnish constructor Caverion
Crayfish Bidco Oy, a company controlled by Triton, said on Thursday it has bought a 9.9% stake in Finnish construction company Caverion Oyj, following the Swedish venture capital group’s $1.17 billion takeover bid...
Bankruptcy court dismisses revival plan for Ujaas Energy
A bankruptcy court in Indore has rejected a revival plan for Ujaas Energy, adding the observation that the Committee of Creditors (CoC) cannot extinguish the rights of a secured creditor to proceed against the listed...
NCLT okays Adani Good Homes’ sole bid for Radius Estates
The National Company Law Tribunal (NCLT) has cleared Adani Good Homes’ sole bid for Radius Estates, which became controversial due to opposition from a section of creditors, according to people aware of the matter...
NCLT admits Marvel Realtors under insolvency on IDFC First Bank plea
The bankruptcy court has admitted Marvel Realtors & Developers Ltd under the corporate insolvency resolution process (CIRP) and appointed Manoj Kumar Mishra as the interim resolution professional for the Pune-based...
CapitaLand Investment, MIDC to sell Pune IT park for ₹1,350 cr
Singapore-headquartered CapitaLand Investment (CLI) and its joint venture partner Maharashtra Industrial Development Corp (MIDC) have signed pacts to sell their stake in Ascendas IT Park (Pune) to CapitaLand India Trust...
NCLAT sets aside CCI order on DLF, remanded back directing to examine
The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF...
Edelweiss acquires L&T-CPPIB infrastructure project for Rs 6,000 cr
Infrastructure Yield Plus Strategy, the infrastructure platform managed by Edelweiss Alternatives, has acquired 100% equity stake in Larsen & Toubro Infrastructure Development Projects (L&T IDPL) for an...
Bankruptcy resolution rate of realty companies among the poorest, says new study
Just about 5% of cases under the Insolvency & Bankruptcy Code (IBC) involve real estate, and the sector has one of the lowest resolution rates but also highest claim realisations, according to a joint analysis by...
NCLT reserves order on Suraksha’s bid to acquire Jaypee Infratech, complete 20k flats
The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group’s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. While a two-member special bench...
Blackstone acquires warehousing assets near Delhi for Rs 700cr
In one of North India’s largest warehousing deals, alternative investment management company Blackstone has acquired 2.5 million sq ft of warehousing assets from Vertical Warehousing near Delhi for ₹700 crore...
Shriram Properties acquires Suvilas Realities
Shriram Properties Limited (“SPL”), one of South India’s leading real estate development companies has successfully completed the acquisition of 100% of equity in Suvilas Realities Private Limited today, through its...
