Singla Builders resolution plan promises delivery of flats to homebuyers of Ansal Lotus Melange
Great news for Ansal Lotus Melange homebuyers. The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by...
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Only one resolution applicant for Ansal Properties Ferhill Project
Only one resolution plan has been submitted for Fernhill Project, a Gurgaon-based housing project of Ansal Properties and Infrastructure. A...
Ansal Properties invites EoI for Fernhill project; 29 March last date for submission of EoI
The Insolvency Resolution Professional (IRP) -- Ashwani Kumar Singla – has invited Expression of Interest (EoI) for Fernhill Project, Gurgaon,...
3,000 homebuyers submit Rs 3,192 cr claims against Ansal Properties and Infrastructure
Around 3,000 homebuyers have submitted claims of Rs 3,192 crore under the corporate insolvency resolution process of Ansal Properties and...
NCLAT dismisses home buyers’ insolvency plea against Ansal Properties
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of Delhi Bench of NCLT to initiate insolvency...
ED files prosecution complaint against ex-promoters of Parabolic Drugs
Directorate of Enforcement (ED) has filed prosecution complaint (PC) under the Prevention of Money Laundering Act (PMLA), 2002 on 26...
NCLT approves Rs 140-cr resolution plan by Ace Infracity Developers for Three C Homes
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 140 crore resolution plan submitted...
Adani Goodhomes acquires Radius Estates and Developers for Rs 32 crore
The year 2023 may not have started in the best possible way for the Insolvency and Bankruptcy Code (IBC). The...
Why some RBI economists feel PSBs are more cost-efficient than private banks
Economists from the Reserve Bank of India (RBI) believes public sector banks’ (PSBs’) labour cost efficiency remained higher than PVBs...
Manpasand Beverages faces flurry of insolvency petitions as losses mount, sales sink
Manpasand Beverages is facing a flurry of insolvency petitions even as losses continue to mount for the Vadodara, Gujarat-based manufacture...