NEW DELHI: Asserting that its bid to acquire Jaypee Infratech is legally compliant and better, Suraksha group has urged homebuyers to support its resolution plan and vote against a proposal to allow more time for submission of new offers by the company and NBCC. In a video message on You Tube platform, Suraksha ARC Managing […]
NEW DELHI: A state ministerial panel will look into the possibility of levying GST in evasion prone sectors like pan-masala, gutkha, and brick kilns on the basis of their manufacturing capacity. The seven-member Group of Ministers (GoM) under Odisha Finance Minister Niranjan Pujari will also examine charging GST on a reverse charge basis on mentha […]
GREATER NOIDA: With a view to drive investments, the Greater Noida Authority has launched an industrial plot scheme — some 41 plots ranging from 905 to 4061 sqm in sectors Ecotech 10 and 11. While online applications for the scheme can be made on www.niveshmitra.up.nic.in till June 30, allotment will commence from July 1 through […]
NEW DELHI: Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any “haircuts” should be considered by the creditors’ panel, which is set to take a call on two existing resolution plans for the company this week. Currently, state-owned NBCC and Suraksha group are in the race to acquire […]
GURUGRAM: In a move to check mushrooming of illegal colonies and impose stricter penalties on builders, the department of town and country planning (DTCP) has issued recovery notices to 74 builders to recover cost incurred in demolition drives against these colonies. The notices, amounting to Rs 15 lakh, were served under section 10(3) of Haryana […]
NEW DELHI: Markets regulator Sebi is looking to appoint auditors for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. In recent months, Sebi has ordered forensic audit of certain companies. The Securities and Exchange Board of India (Sebi) has invited applications from eligible CA (Chartered Accountant) firms […]
GREATER NOIDA: The Yamuna Expressway Authority has completed the last allotment of some 243 plots to the displaced families of Dayantpur Kheda village in the township being set up in Jewar Bangar in lieu of their land acquired for the upcoming Jewar international airport. A total of 3,003 plots ranging from 50 sqm to 500 […]
GURUGRAM: A city-based people’s group has moved the Punjab and Haryana high court against the department of town and country planning (DTCP) for making changes in its policy to allow the construction of fourth floors and their registration as independent dwelling units. Earlier only two-and-a-half floors were allowed on a residential plot, but now one […]
NEW DELHI: Realtors body Naredco’s Uttar Pradesh chapter has demanded that the government should suspend the provisions of insolvency law for one year to protect cash-starved builders on view of a second wave of the COVID-19 pandemic. Naredco UP Chairman R K Arora has written a letter to Union Finance Minister Nirmala Sitharaman seeking suspension […]
NEW DELHI: In a relief to Piramal Group, the National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT order directing DHFL’s Committee of Creditors (CoC) to consider the settlement of its former promoter Kapil Wadhawan. According to the lenders, allowing Wadhawan’s proposal will destroy the fabric of the Insolvency and Bankruptcy Code. On May […]
GURUGRAM: A city-based people’s group has moved the Punjab and Haryana high court against the department of town and country planning (DTCP) for making changes in its policy to allow the construction of fourth floors and their registration as independent dwelling units. Earlier only two-and-a-half floors were allowed on a residential plot, but now one […]
NEW DELHI: Indiabulls Housing Finance has extended its support initiatives for the Covid-hit employees and their families. The company has decided that in case of a death of any of its employees due to Covid, it would continue to pay the monthly salary to the bereaved family for a period of two years, among other […]
