SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court on Feb 2 upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. The Supreme Court has upheld insolvency proceedings against real estate firms for Greater Noida project (PTI) […]

Homebuyers’ maintenance societies, RWAs can’t intervene in insolvency process of developer firm: SC

New Delhi, Jan 15 (PTI) The Supreme Court on Jan 15 ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. The Supreme Court on January 15 ruled that homebuyers’ societies or RWAs, […]

Suraksha Group completes construction of nearly 6,000 housing units at Jaypee Wish Town, Noida

Mumbai-based real estate firm Suraksha Group, which took over Jaypee Infratech Limited in 2024 through an insolvency process, said on January 12 that it has completed construction of 5,989 housing units across various projects at JIL Wish Town in Noida and has secured occupancy certificates for over 3,100 units. Suraksha Group, which took over Jaypee […]

Manipal Group once again submits bid to acquire Byju’s under insolvency process| Business News

Dr Ranjan Pai–led Manipal Group has formally submitted an Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process of Think & Learn Pvt Ltd, the parent company of Byju’s. Signage at a Byju’s Tuition Centre, operated by Think & Learn Pvt., Ltd., in Mumbai. (Bloomberg) According to documents filed with the Resolution […]

NCLAT set aside insolvency proceedings against Mahagun, asks NCLT to hear again

New Delhi, Nov 7 (PTI) In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects. The National Company Law Appellate Tribunal (NCLAT) has […]