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) […]

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 […]