The National Company Law Tribunal, New Delhi Bench, comprising of Mr. Dharminder Singh and Ms. Sumita Purkaysatha, while adjudicating the matter of Biosafe Lab India Pvt. Ltd. v NBCC India Ltd., has dismissed an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process against NBCC India Pvt. Ltd. had awarded …
Champions of the public sector, who are a legion, keep lecturing us about the ‘stellar’ role state-run companies have played in nation building. At least, the dilapidated condition of the NBCC Green View group housing project in Gurugram’s Sector 37D suggests that. Consider this: in five years, from 2016-17 to 2020-21, the government infused Rs 3.1 lakh crore into public …
NBCC Green View society in Sector 37D, Gurugram has been in the news after Gurugram deputy commissioner Nishant Kumar Yadav asked the residents to vacate the property in two weeks, citing the safety issues. “We often hear stories about private builders cheating or developing poor quality houses and this was the reason we trusted NBCC and now look at us,” …
