Real Estate Defaulters
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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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Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body
India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.
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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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PMC Bank Lost Rs 4,300 Crore, Case Against Promoters Of Defaulting Firm
A police case has been filed against Sarang Wadhawan and Rakesh Kumar Wadhawan, promoters of the crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL), for loan default reported to be worth up to Rs 4,300 crore, sources said.
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Government Should Move For Early Resolution Of Liquidity Crisis In Real Estate: Experts
The liquidity crisis became apparent after infrastructure lending major IL&FS in September defaulted on few of its commercial papers, which impacted several segments, including the real estate business
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How Much Will Houses In India Cost? Delhi Prices Worst Hit
India, Asia's third-largest economy is also grappling with a liquidity crunch after IL&FS, defaulted on a short-term debt payment in June.
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Supreme Court Directs Jaiprakash Associates To Deposit Rs 100 Crore
The real estate firm has so far deposited Rs 650 crore with the Supreme Court registry.
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Agitating Noida Homebuyers Can Seek Relief Under Insolvency Law: Jaitley
Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.
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Government Considers Jaypee Assets Sale To Complete Ongoing Housing Projects: Report
Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.
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Will Not Entertain 'A Defaulter' Says Supreme Court In Real Estate Case
Advocate Kapil Sibal, appearing for the real estate major Unitech, said the firm did not have money to pay the flat buyers.
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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.
-
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.
-
Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body
India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.
-
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.
-
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
-
PMC Bank Lost Rs 4,300 Crore, Case Against Promoters Of Defaulting Firm
A police case has been filed against Sarang Wadhawan and Rakesh Kumar Wadhawan, promoters of the crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL), for loan default reported to be worth up to Rs 4,300 crore, sources said.
-
Government Should Move For Early Resolution Of Liquidity Crisis In Real Estate: Experts
The liquidity crisis became apparent after infrastructure lending major IL&FS in September defaulted on few of its commercial papers, which impacted several segments, including the real estate business
-
How Much Will Houses In India Cost? Delhi Prices Worst Hit
India, Asia's third-largest economy is also grappling with a liquidity crunch after IL&FS, defaulted on a short-term debt payment in June.
-
Supreme Court Directs Jaiprakash Associates To Deposit Rs 100 Crore
The real estate firm has so far deposited Rs 650 crore with the Supreme Court registry.
-
Agitating Noida Homebuyers Can Seek Relief Under Insolvency Law: Jaitley
Hundreds of home buyers are in lurch after a plea for insolvency proceedings was admitted by NCLT against Jaypee Infratech for defaulting on Rs 526 crore loan.
-
Government Considers Jaypee Assets Sale To Complete Ongoing Housing Projects: Report
Many home buyers had been left in lurch after insolvency proceedings were initiated against the realty company for defaulting on a Rs 526-crore loan.
-
Will Not Entertain 'A Defaulter' Says Supreme Court In Real Estate Case
Advocate Kapil Sibal, appearing for the real estate major Unitech, said the firm did not have money to pay the flat buyers.
