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Articles for Irp, search results for deposit

Deposit In Pursuance Of One Time Settlement Proposal Remains Corporate Debtor's Asset If Settlement Fails: NCLAT
1 week, 3 days ago

Deposit In Pursuance Of One Time Settlement Proposal Remains Corporate Debtor's Asset If Settlement Fails: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Yogesh Khanna and Mr. Ajai Das Mehrotra has held that the amount deposited with the bank by the corporate debtor in pursuance of an One Time Proposal to show bonafides will remain assets of the corporate debtor and can be taken into custody by the RP under section 18 of the code when …

Money Corporate Debtor Bank Nclat Account Irp Asset
NCLT begins insolvency resolution process against Supertech
5 months ago

NCLT begins insolvency resolution process against Supertech

Hindustan Times  

NOIDA: While admitting a petition of Bank of Punjab & Sind’s petition, the National Company Law Tribunal has begun the corporate insolvency resolution process against Supertech townships projects limited which allegedly defaulted to make payment of a loan that it took from the bank, said an order. In June, 2023, the bank had filed a plea seeking CIRP against the …

Insolvency Resolution Bank Order Projects Process Project
SC relief to homebuyers at twin towers in Noida
1 year, 2 months ago

SC relief to homebuyers at twin towers in Noida

Hindustan Times  

Removing a major hurdle in the way of refunding ₹1.25 crore to 15 homebuyers of the now demolished Supertech twin towers in Emerald Court, Noida, the Supreme Court on Wednesday directed the Union Bank to release an amount of ₹15 lakh within 10 days to the realty firm, which is currently facing bankruptcy proceedings. The 15 homebuyers were to be …

Court Homebuyers Bank Crore Refund Towers Supertech
Supertech Twin-Towers : Supreme Court Allows Disbursal Of Rs 1 Crore Deposited By IRP To 15 Homebuyers On Pro Rata Basis
2 years ago

Supertech Twin-Towers : Supreme Court Allows Disbursal Of Rs 1 Crore Deposited By IRP To 15 Homebuyers On Pro Rata Basis

Live Law  

In a matter pertaining to compensation sought by homebuyers of Supertech Twin Towers, that has now been demolished, the Supreme Court, on Monday, directed the disbursal of INR One crore that has been deposited by the Interim Resolution Professional of Supertech Ltd. with the Apex Court's Registry on 8th December, 2022. On 26.08.2022, the Apex Court had asked the IRP …

Supreme Court Court Homebuyers Crore Deposited Bench Inr
Supertech Towers Case : Supreme Court Allows Disbursal Of Rs 1 Crore To 15 Homebuyers; Directs Builder's IRP To Depist Rs 1 Crore More
2 years, 2 months ago

Supertech Towers Case : Supreme Court Allows Disbursal Of Rs 1 Crore To 15 Homebuyers; Directs Builder's IRP To Depist Rs 1 Crore More

Live Law  

The Supreme Court, on Friday, directed the disbursal of Rs. One crore that has been deposited by the Interim Resolution Professional of Supertech Ltd with the Apex Court's Registry pursuant to the order dated 26.08.2022. On 26.08.2022, the Apex Court had asked the IRP to deposit an amount of Rs One Crore with the Supreme Court Registry before 30.09.2022. The …

Supreme Court Court Homebuyers Bench Supertech Registry Irp
Adani's IBC Acquisition: Bombay HC Directs MSEDCL To Provide New Electricity Connection Without Clearance of National Rayon Co.'s Past Dues Worth 28Cr
2 years, 2 months ago

Adani's IBC Acquisition: Bombay HC Directs MSEDCL To Provide New Electricity Connection Without Clearance of National Rayon Co.'s Past Dues Worth 28Cr

Live Law  

In a relief for Adani Properties that acquired the National Rayon Corporation under the Insolvency and Bankruptcy Code in 2020, the Bombay High Court directed the State Electricity Department to provide a new electricity connection without seeking clearance of NRC's "Rs. A division bench of Justices Gautam Patel and Gauri Godse prima facie agreed with NRC's argument that MSEDCL's didn't …

Court Resolution Resolution Plan Plan Dues Adani Claim
Supreme Court Weekly Round Up: August 22 To August 28, 2022
2 years, 3 months ago

Supreme Court Weekly Round Up: August 22 To August 28, 2022

Live Law  

AIFF Elections - 'Equal Representation Of Players Necessary', Bhaichung Bhutia Moves Supreme Court Supporting CoA Ex-Indian football captain Baichung Bhutia had moved the Supreme Court seeking the draft constitution finalised by the CoA to be adopted as the new Constitution of the All India Football Federation as it prioritises and promotes welfare of the players over the vested interest of …

India Karnataka Justice Delhi Ukraine Supreme Court Writ Petition
Noida Supertech Twin Towers Demolition: What Happens To Homebuyers' Deposit Money?
2 years, 3 months ago

Noida Supertech Twin Towers Demolition: What Happens To Homebuyers' Deposit Money?

News 18  

The day has finally arrived when the historic Noida Supertech twin towers demolition is going to take place. The Supreme Court on Friday directed the interim resolution professional of Supertech, which is facing insolvency proceedings, to deposit Rs 1 crore with the apex court registry by September 30. The Supreme Court said, “In the meantime, in order to ensure that …

Court Homebuyers Crore Noida Twin Irp Rs 1 Crore
Supreme Court Directs Supertech's IRP To Deposit Rs 1 Crore With Registry For Homebuyers' Relief
2 years, 3 months ago

Supreme Court Directs Supertech's IRP To Deposit Rs 1 Crore With Registry For Homebuyers' Relief

Live Law  

With a view to ensure that homebuyers get some relief, the Supreme Court on Friday asked the Interim Resolution Professional of Supertech Ltd. to deposit an amount of Rs One Crore with the Supreme Court Registry before September 30, 2022. A Bench of Justices DY Chandrachud, JB Pardiwala and Surya Kant also directed the Amicus curiae Gaurav Agarwal and the …

Supreme Court Court Homebuyers Supreme Bench This Court Supertech
Noida Supertech towers to be demolished this Sunday, how much will flat owners get back in refunds? SC's reply
2 years, 3 months ago

Noida Supertech towers to be demolished this Sunday, how much will flat owners get back in refunds? SC's reply

India TV News  

Highlights SC assured home buyers of Supertech twin towers that they will be refunded full amount Apex court asked IRP of firm, to deposit Rs one crore with the apex court registry Supertech's 40-storey twin towers of Sector 93A of Noida are scheduled to be razed on August 28 The Supreme Court Friday assured the home buyers of the to-be-razed …

Court Home Buyers Crore Noida Buyers Refund Towers