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News
Insolvency proceedings
Insolvency proceedings News
Yogi Adityanath government
02 Apr 2022
‘Why real estate builders getting bankrupt in UP,’ asks CM Yogi Adityanath
Several large real estate companies, notably Jaypee Infratech and Mumbai-based HDIL, are facing insolvency proceedings. Yogi Adityanath government has taken cognisance of the insolvency of a number of well-known real estate developers in Uttar Pradesh. Taking note of the situation, the government has agreed to form a high-level investigation group to defend the interests of home buyers.
Supertech Ltd bankruptcy
26 Mar 2022
Delhi-NCR's other real estate firms facing insolvency proceedings; check here
Meanwhile, many real estate companies are facing insolvency proceedings including Jaypee Infratech and Mumbai-based HDIL. Amrapali group and Unitech group have also defaulted in delivering many projects, particularly in Delhi-NCR, affecting thousands of homebuyers.
CCI
09 Mar 2018
No anti-competition concern in Rajputana-Binani Cement deal: CCI
On February 12, Rajputana Properties had filed a resolution plan for Binani Cement under the Insolvency and Bankruptcy Code (IBC).
RCom shares
20 Dec 2017
RCom zooms nearly 36%; other Reliance group stocks also shine
The sharp rise in the stock came amid reports that the National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance Communications to early next month.
Arun Jaitley
31 Aug 2017
Pay dues or allow other to take control of biz: Arun Jaitley to debtors
Finance Minister Arun Jaitley on Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business.
Italian banks
24 Jun 2017
Italian PM 'guarantees' savers' accounts in 2 troubled banks
The government was expected to quickly hold a Cabinet meeting to decide about taking on the banks' deteriorated assets, a cost estimated at some 8 million-10 million euros (nearly USD 9 million-USD 11 million).
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