The finance minister said there is a provision for running a company under insolvency proceedings. New Delhi: Finance Minister Arun Jaitley on Wednesday said the government has full sympathy with the agitating Noida homebuyers and they can seek relief under the insolvency law. Hundreds of home buyers had been left in the lurch after the…
DetailsPrestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the…
DetailsPhoto: PTI Jaitley said the government’s sympathy are with aggrieved flat buyers Observing that flat buyers who have paid money to developers should get their flats, Finance Minister Arun Jailtey said “our full sympathy” is with the aggrieved home buyers. The minister’s comments came after the initiation of insolvency proceedings against Jaypee Infrastech threw its buyers into a lurch. The Finance minister…
DetailsNew Delhi: Finance Minister Arun Jaitley on Wednesday said the government has full sympathy with the agitating Noida homebuyers and they can seek relief under the insolvency law. Hundreds of home buyers had been left in the lurch after the Allahabad bench of the National Company Law Tribunal (NCLT) last week admitted IDBI’s plea for…
Details‘They could not recover any of my money’: workers fail to get super Canberra: Photograph of Geoff Raby, former Australian Ambassador to China, Senior Adviser to Kreab Gavin Anderson, and Michael Morgan, Convenor of Kreab Gavin Anderson????s Asia Business Group in Canberra today, Wednesday 8 December 2011. Photograph by Penny Bradfield. Photo: Penny Bradfield exit…
DetailsA showdown with angry and unpaid Eastern Goldfields creditors was speedily averted at last week’s Diggers & Dealers conference, but not all creditors were headed off. A number of suppliers had threatened to protest their lack of payment at the mining conference after hearing that executive chairman Michael Fotios planned to make a presentation. They…
Details* Graphic: Italy-Germany bond yield spread narrows to 159 bps * Expectations for Italy to grow 0.4 pct over previous quarter * Euro zone yields rise as U.S. Fed minutes loom * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds Italian growth data, graphic) By Abhinav Ramnarayan LONDON, Aug 16 (Reuters) – Italy’s bond yield…
DetailsCan Flat Buyers initiate insolvency proceedings against Builders under the Insolvency & Bankruptcy Code? This question assumes greater significance now because many real estate giants are facing insolvency proceedings in various Company Law Tribunals under the new I & B Code, 2016 across the country. Latest is the case of J.P. Infratech which is one…
DetailsA SHAMBOLIC care company has gone into liquidation with debts of more than £700,000 after failures that left vulnerable adults at risk of abuse. A large-scale multi-agency enquiry is now underway and police are investigating allegations into Alo Care Ltd which runs Alo Community Services from Highcliffe, Bellus Lodge, Somerford Avenue in Christchurch and Ado…
DetailsRepresentational pic – Jaypee Infratech insolvency plea Shares of Jaypee Infratech, a part of the debt-ridden Jaypee group, today hit lower circuit with reports suggesting that the government was exploring if it was legally tenable under insolvency laws to sell its assets to raise money to complete pending housing projects of the company. Hundreds of…
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