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21 Sep

Not easy for home buyer to recover from defaulting builder under IBC: NCLT President

Not easy for home buyer to recover from defaulting builder under IBC: NCLT President - The Economic Times -

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Morning Breaking: Supreme Court orders sale of directors' assets of Amrapali Group

The Supreme Court has identified 16 estates belonging to beleaguered property developer Amrapali Group to raise funds for stalled projects. The court directed sale of assets owned by all of the company's directors, their family members and related companies.

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The Jaypee Infra Verdict | Supreme Court Orders Fresh Round of Bidding for Jaypee Infra | CNBC TV18

Disposing of all the petitions and applications pending before it in the Jaypee Infratech matter, the Supreme Court on Thursday ordered a fresh round of bidding for the company, but barred parent Jaiprakash Associates or its promoters from participating in it.

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Jaypee Infra Insolvency Back To Square One

DSK Legal’s Ajay Shaw weighs in on the ramifications of Supreme Court’s order in Jaypee Infratech insolvency case.

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Amrapali के 16 प्राजेक्ट्स को NBCC शुरू करेंगीं । Supreme Court Updates 02/August/2018

NEW DELHI: The Supreme Court today said diversion of funds collected from investors by real estate developers was a "malady" and it wants to stop this "nonsense" once and for all. The apex court observed that if builders were diverting money invested by a person in a particular housing or commercial project to complete other projects, it, prima facie, amounted to misappropriation and criminal breach of trust. A bench comprising justices Arun Mishra and U U Lalit observed this while it was hearing a matter related to embattled real estate major Amrapali Group.

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Scam ! Jaypee Infratech Insolvency a Collusion of Bank and Builders

Jaypee Infratech was quickly pushed into solvency as soon as home buyers started protest for refund, now it is seemed to be scam of bank and builders, to keep home buyers deprived from money-back on possessed flats.

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Watch : Jaypee Group's Chairman Manoj Gaur tries to pacify protesting home buyers

Jaypee Group's Chairman Manoj Gaur today reached among protesting home buyers and tried to assured them that their invested money will not go anywhere. But, protesting buyers went out of control. Watch to know more.

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