Latest Updates Around The World
NEW DELHI: In a major relief to real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has quashed the insolvency proceedings against the Tribunal and directed the NCLT to rehear the petition in view of the fresh status report filed with the Tribunal on the projects.A two-judge bench of the appellate court said […]
NOIDA: Home loans disbursed by a bank to buyers cannot be considered as a financial debt of the developer of a project, the National Company Law Appellate Tribunal (NCLAT) has ruled, rejecting UCO Bank’s plea to be recognized as a financial creditor in the insolvency case of Bulland Buildtech Pvt Ltd, the developer of the […]
NOIDA: In a major relief to homebuyers, the National Company Law Appellate Tribunal (NCLAT) ruled that genuine allottees whose payments are reflected in a builder’s books cannot be denied dues just because their claims were filed late in an ongoing insolvency process. The appellate court, headed by its chairman Justice Ashok Bhushan, issued the order […]
New Delhi: The Appellate Tribunal NCLAT has rejected the plea against the acquisition of Vadraj Cement by Nirma Group Cement Business Nuvoco Vistas Corporation during an insolvency oil process. The NCRAT main bank based in Delhi has confirmed the previous order adopted by the Mumbai Bench of the National Company Law Tribunal (NCLT), which on […]
