NEW DELHI: Jaypee Infratech’s financial creditors have decided to defer the voting process on Suraksha group’s bid, that was scheduled to start from Monday noon, to acquire the troubled realty firm through insolvency. The decision to defer the voting was taken on Monday morning in a meeting of the Committee of Creditors (CoC), which was […]
GURUGRAM: The department of town and country planning (DTCP) in Gurugram has registered a case against four persons, including a former city MLA, for allegedly developing an illegal colony on an agricultural land in Sector-69 under the Badshahpur tehsil area. The case was registered under sections 7(i), and 7(ii) of the Haryana Development and Regulation […]
NEW DELHI: The three municipal corporations launched an app on Thursday that will allow residents to file property tax and avoid visiting zonal offices during the pandemic. The three civic bodies—north, south and east corporations—said the robust system, developed with help from National Informatics Centre, is error-free and easy to use. However, they have not […]
NEW DELHI: Bengaluru-based Century Real Estate has raised Rs 175 crore from investment firm PAG for the development of a luxury housing project. Century Real Estate – a leading developer and one of the largest landowners in South India, said it has got an investment of Rs 175 crore from global investment firm PAG for […]
NEW DELHI: In a relief to Rashtriya Janata Dal (RJD) founder Lalu Prasad, the Central Bureau of Investigation (CBI) has given him a clean chit in connection with a bribery case involving DLF. According to CBI sources, the central probe agency had initiated a preliminary inquiry for corruption against Lalu Prasad and the real estate […]
NEW DELHI: State-owned NBCC might approach the Supreme Court against the creditors’ panel decision to declare its offer to acquire Jaypee Infratech as non-compliant with certain provisions of the insolvency law. According to sources, NBCC is considering the legal option as it feels the decision was biased. The public sector firm is likely to write […]
NOIDA: The Noida Authority has filed a case against two of its officials for allegedly orchestrating a scam by conniving with a compensation beneficiary to have the money released by manipulating documents. Noida Authority officials said now-suspended assistant legal officer Virendra Singh Nagar and legal officer Dinesh Kumar Singh were found to be involved. After […]
NEW DELHI: Shares of JK Lakshmi Cement on Friday zoomed over 9 per cent after the company reported a 61.34 per cent increase in consolidated net profit for the fourth quarter ended March 2021. The stock gained 9.14 per cent to Rs 509.80 — its 52-week high — on BSE. On NSE, it jumped 9.48 […]
NEW DELHI: The Supreme Court on Friday upheld the Centres notification of November 15, 2019, which allowed financial institutions to proceed against individual corporate guarantors for recovery of loans of a company under Insolvency and Bankruptcy Code (IBC) proceedings. A batch of 75 petitions had challenged the validity of this notification, which brought into force […]
NEW DELHI: A new mobile application was on Thursday launched by the South Delhi Municipal Corporation to facilitate people in paying property tax online amid the ongoing coronavirus pandemic, officials said. The new app has been made for all three city corporations, the SDMC said in a statement. “In order to facilitate property taxpayers, South […]
GURUGRAM: The enforcement wing of town and country planning department has written to Gurgaon police and recommended filing of FIR against one Om Prakash Kataria, a resident of Sector 37 for constructing 20 illegal shops in Khandsa. According to the complaint, the shops have been constructed without any licence, building plan and permission from the […]
NEW DELHI: Motilal Oswal Real Estate (MORE) on Thursday said it has raised Rs 650 crore fund for providing debt to approved realty projects. The Mumbai-based company announced the first close of India Realty Excellence Fund V (IREF V), its fifth real estate fund. The Fund, launched with a target corpus of Rs 800 crore, […]
