SC orders CBI probe into builder-bank collusion affecting over 1,200 homebuyers
The Supreme Court of India has directed the Central Bureau of Investigation (CBI) to launch a sweeping probe into alleged...
Month: April 2025
Suraksha-led Jaypee Infratech commits Rs 5,500 crore to complete delayed housing projects
In a bid to address the long-standing grievances of approximately 20,000 homebuyers, Jaypee Infratech Limited (JIL), now under the Suraksha...
Poonawalla Fincorp implements AI-powered debt management platform
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has announced the implementation...
Gap between homebuyers’ hope and commercial viability of resolution often leads to mistrust: Amit Karia
Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past...
Max Estates revives stalled Delhi One Project in Noida, eyes Rs 2,000-cr sales potential
In a major development for the National Capital Region's (NCR) real estate market and offering much-needed relief to homebuyers, Max...
Insolvent art auction house Osian’s sold off for Rs 31 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan for Osian’s Connoisseurs of Art Pvt Ltd, a...
Lenders nod to Howen International buying 42.25% in IL&FS Engineering
IL&FS Engineering and Construction Company Limited (IL&FSENGG) has said that the Committee of Creditors (CoC), representing 82.58% in value, has...
Shivinder Mohan Singh files for personal insolvency before NCLT
Shivinder Mohan Singh, former promoter of Fortis Healthcare and Religare Enterprises, has filed for personal insolvency under the Insolvency and...
ED conducts raids in Rs 523 crore homebuyer fund diversion case linked to Unnati Fortune
The Directorate of Enforcement (ED), Lucknow Zonal Office, carried out search operations at eight locations across Agra, Meerut, Noida, and...
Jaiprakash Associates attracts 25 bidders, including Adani and Vedanta
Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes...