Real Estate Defaulters
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Designer Riyaz Gangji Faces Non-Bailable Warrant Over Alleged Default
The order against fashion designer Riyaz Gangji came in a contempt petition arising from an alleged Rs 5 crore default involving a Ludhiana-based real estate company
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RERA In Trouble? Why Supreme Court Warned It Can Be Shut Down
The Supreme Court issued a scathing remark on the Real Estate Regulatory Authority (RERA) on Thursday. Chief Justice Surya Kant said RERA has accomplished nothing concrete beyond providing benefits to defaulting builders.
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RERA Doing Nothing Except Facilitating Defaulting Builders: Supreme Court
The Supreme Court on Thursday said it is high time all states rethought the constitution of the real estate regulatory authority (RERA) as the institution is doing nothing, except facilitating defaulting builders.
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Supertech Chairman's Bail Plea In Money Laundering Case Rejected
A Delhi court has denied 'default bail' to RK Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case.
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Uttar Pradesh To Crackdown On Real Estate Defaulters, To Recover Rs 503 Crore
The Gautam Buddh Nagar district administration has said it will launch a crackdown on real estate defaulters, noting that over Rs 500 crore are to be recovered from developers against whom the Uttar Pradesh real estate authority has issued notices.
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Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
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How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
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PMC Bank Board Members, HDIL Promoters Charged With Money-Laundering
The former board members of Punjab Maharashtra Co-operative (PMC) Bank and the promoters of crisis-hit real estate firm HDIL have been charged with money-laundering by the Enforcement Directorate in the Rs. 6,500 crore loan default case.
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In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
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Designer Riyaz Gangji Faces Non-Bailable Warrant Over Alleged Default
The order against fashion designer Riyaz Gangji came in a contempt petition arising from an alleged Rs 5 crore default involving a Ludhiana-based real estate company
-
RERA In Trouble? Why Supreme Court Warned It Can Be Shut Down
The Supreme Court issued a scathing remark on the Real Estate Regulatory Authority (RERA) on Thursday. Chief Justice Surya Kant said RERA has accomplished nothing concrete beyond providing benefits to defaulting builders.
-
RERA Doing Nothing Except Facilitating Defaulting Builders: Supreme Court
The Supreme Court on Thursday said it is high time all states rethought the constitution of the real estate regulatory authority (RERA) as the institution is doing nothing, except facilitating defaulting builders.
-
Supertech Chairman's Bail Plea In Money Laundering Case Rejected
A Delhi court has denied 'default bail' to RK Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case.
-
Uttar Pradesh To Crackdown On Real Estate Defaulters, To Recover Rs 503 Crore
The Gautam Buddh Nagar district administration has said it will launch a crackdown on real estate defaulters, noting that over Rs 500 crore are to be recovered from developers against whom the Uttar Pradesh real estate authority has issued notices.
-
Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
-
How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
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PMC Bank Board Members, HDIL Promoters Charged With Money-Laundering
The former board members of Punjab Maharashtra Co-operative (PMC) Bank and the promoters of crisis-hit real estate firm HDIL have been charged with money-laundering by the Enforcement Directorate in the Rs. 6,500 crore loan default case.
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In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
