Legal experts have mixed opinions on the insolvency proceedings against the Jaypee Infratech with regard to the safety of buyers investments. A section of experts said that the insolvency proceedings against the Jaypee Infratech following the National Company Law Tribunal (NCLT) order will benefit around 30,000 homebuyers and it would give them a chance to…
Greens senator Scott Ludlam . Photo: Alex Ellinghausen The co-deputy of the Greens, Scott Ludlam, has resigned from Parliament after discovering he was ineligible to stand at last year’s federal election. Senator Ludlam, who was first elected to the Senate a decade ago, made the bombshell announcement in Perth on Friday afternoon. The Western Australian,…
CEO of Ogilvy PR Kieran Moore moderates the following session on growth through adversity from Mumbrella360, in which the panelists lay out how a series of career and personal setbacks impacted their lives irrevocably. [embedded content] Studio 10 host Jessica Rowe kicks off the session by discussing how her TV career collapsed after she was fired by Nine while…
By: Express News Service | Noida | Published:August 15, 2017 4:33 am Less than 10 days ago, Corporation Bank, another financier to the Amrapali Group, had announced the auction of the groups IT office in Noida Sector 62 in a bid to recover a loan worth Rs 9.10 crore for the construction of that property.…
According to the judgment, the realization of the property of the former president of Ogni Moskvy bank will begin in the nearest future. Maria Roslyak, daughter of ex-vice-mayor of the capital and earlier head of Ogni Moskvy bank is declared bankrupt according to the decision of Arbitration court of the capital. The…
What law caught out senators Scott Ludlam, Larissa Waters, Matthew Canavan, Malcolm Roberts and Barnaby Joyce? Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation…
Thousands of home owners in beleaguered real estate developments owned by Jaypee Infratech and Amrapali Group are running out of options as both head for National Company Law Tribunal (NCLT). While senior officials in the finance ministry said the government is working on ways to provide relief to home buyers,…
NEW DELHI: The government is exploring if it was legally tenable to sell other assets of debt-ridden Jaypee Infratech to raise money to complete pending housing projects of the company, a top finance ministry official said today. Hundreds of home buyers had been left in lurch after the National Company Law Tribunal (NCLT) admitted bankers’…
Various benches of the National Company Law Tribunal (NCLT) courts are admitting fewer cases brought forward by trade creditors. The NCLT was constituted in June 2016 to hear proceeding under the Insolvency and Bankruptcy Code (IBC). Through insolvency proceeding, the government and the RBI aim to recover about Rs 8 lakh crores in bad…
Insolvency process for Bhushan Power and Steel has hit a fresh hurdle. A legal case between the troubled steel maker and its creditor, a Singapore-based shipping chartering service provider, may upset the whole process. This week a court will hear whether the moratorium declared under Insolvency and Bankruptcy Code (IBC) would be applicable in settling…