Tag: #Legal Article

No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.

June 13, 2022

Following their conviction in a cheque-bouncing case in March 2021, the city crime branch arrested two directors of Mumbai-based Ahuja Constructions, 71-year-old builder Jagdish Bhagwandas Ahuja and his son Gautam Ahuja (42), on Friday. Because of the pandemic scenario at the time, no measures were taken to imprison them. They did not contest their conviction. […]

No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.more

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.

April 21, 2020

A Delhi High Court order received by private-sector lender Indiabulls Housing Finance toward market regulator Sebi has placed mutual fund houses in a tight position. The HC has permitted Indiabulls, a Non-Banking Financial Company (NBFC) not to pay its debenture holders, including fund houses, interest and principal, as far as the RBI requires banks and […]

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.more

Bombay High Court declares calculation of 90days NPA should not include lockdown duration.

April 13, 2020

In a major relief to a construction firm based in Mumbai, the Bombay High Court said the lockdown duration is to be eliminated when calculating 90 days for the Non-performing Assets (NPAs) declaration. The High Court’s ruling came on a Transcon Iconica petition that took a loan from ICICI Bank and failed to make payments […]

Bombay High Court declares calculation of 90days NPA should not include lockdown duration.more

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.

January 29, 2020

Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan, 46 years old, has been arrested and brought before the specified PMLA court by the Enforce Directorate (ED), under the Prevention of Money Laundering Act (PMLA) and held under the custody of the ED until 29 January 2020. The court accepted the Agency’s claim that Wadhawan’s remand […]

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.more

Delhi government files affidavit before High court alleging that the forest area cannot be regularized according to central law.

January 24, 2020

The AAP government told the Delhi High Court on Thursday that unauthorized forest colonies were barred from regularizing under the Centre’s notification on October 2019, to regularize illegal settlements in the city. Delhi government declared in its affidavit placed before the bench of justices GS Sistani and A J Bhambhani that the Delhi National Capital […]

Delhi government files affidavit before High court alleging that the forest area cannot be regularized according to central law.more

Homebuyers filed a writ petition in SC challenging IBC amendment.

January 8, 2020

Homebuyers opposed the central government’s ordinance to amend the Insolvency & Bankruptcy Code (IBC) 2016 and demanded a stay of the operation of Section 3 of the Insolvency and Bankruptcy Code (Amendment) 2019, which aims to modify Section 7 of the IBC. “The writ petition is filed by 11 petitioners from 11 different projects, including […]

Homebuyers filed a writ petition in SC challenging IBC amendment.more

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.

January 2, 2020

Under Section 7 of the Insolvency and Bankruptcy Code 2016, the National Company Law Tribunal (NCLT) started a procedure for corporate insolvency resolution against Efferent Real Estates located in Delhi. Gaurav Katiyar has been named by the courts as the Interim Resolution Professional (IRP) for the case. The buyer through his lawyer Piyush Singh of […]

NCLT takes action against Efferent Realtors under Insolvency and Bankruptcy Code.more

SC partially releases ban, DELHI-NCR gets permission on construction activities.

December 10, 2019

On Monday, the Supreme Court permitted the construction activities in the Delhi-NCR area from 6 am to 6 pm, lifting partially its complete ban. The Apex Court reviewed the report of the Central Pollution Control Board (CPCB), which stated that construction works should not be allowed between 6 pm to 6 am. Additional Solicitor General […]

SC partially releases ban, DELHI-NCR gets permission on construction activities.more

Indian government investigation for swiss bank account continues with Maharashtra’s Sangli royal family.

November 25, 2019

India’s investigation of Swiss bank accounts held by its citizens has taken a ‘royal’ turn, asking Swiss tax offices for information of two members of the ruling family, from the former princely State of Sangli, now in Maharashtra. Following India’s application for “administrative assistance” in this matter, the Swiss Federal Tax Authority released a public […]

Indian government investigation for swiss bank account continues with Maharashtra’s Sangli royal family.more

Tag: #Legal Article

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