NEW DELHI: The National Company Law Tribunal on Monday ordered the initiation of insolvency proceedings against fund starved Amrapali’s Sillicon City on a plea from Bank of Baroda and appointed Rajesh Samson of Deloitte as the Insolvency Resolution Professional to take control of the entity controlled by Anil Sharma. Amrapali is the second major real…
NEW DELHI: The Supreme Court on Monday stayed insolvency resolution proceedings against Jaypee Infratech on a plea by buyers of homes in its projects in Noida, restoring the developers original board of directors and ordering resumption of all consumer cases filed against the company and its promoters. The court issued notices to Jaypee, its parent…
The National Company Law Tribunal (NCLT) has penalised corporate defaulters for attempting to misuse the moratorium provisions under the insolvency law to escape auction of assets by lenders under the Sarfaesi (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act. Dismissing the insolvency petition filed by Neeta Chemicals, NCLT’s Hyderabad bench…
Supreme Court has stayed the insolvency proceedings against real estate firm Jaypee Infratech New Delhi: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee Infratech at National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to embattled firm and others on a plea…
The Supreme Court on Monday stayed an order passed by the Allahabad bench of the National Company Law Tribunal (NCLT) on Jaypee Infratech. The Allahabad bench of the tribunal had accepted IDBI Bank’s plea and classified Jaypee Infratech as insolvent. A bench headed by chief justice of India (CJI) Dipak Misra was hearing a public…
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New Delhi, Sept 4: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee infratech at the National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to the embattled firm and others on a plea filed by homebuyers who have not yet received possession…
(Adds details, shares) Sept 4 (Reuters) – Avocet Mining said on Monday its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine in Burkina Faso, may file for insolvency after a loan repayment freeze with its creditors expired. The boards of SMB and Avocet will meet on Sept. 8 to consider…
By: Express Web Desk | New Delhi | Published:September 4, 2017 1:45 pm Buyers protest against Jaypee over delay in handing over flats Related News On a petition by home buyers, the Supreme Court on Monday stayed the order passed by National Company Law Tribunal (NCLT) which had declared Jaypee Infratech as insolvent. The court also…
CLOSED: The former site of Stepping Stone restaurant. Photo: PHIL BLATCH 0904pbanson3 The bankrupt owner of the failed Orange restaurant Stepping Stone has apologised for leaving creditors with debts totalling $236,974. Tom Grasso closed the Anson Street restaurant in May as the debts mounted and was declared bankrupt on June 27. Orange wineries, suppliers, caterers, a…