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...
NCLAT allows ATS group firm to withdraw appeal after settlement with financial creditor
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...
