Suraksha Group, having had its resolution plan for Jaypee Infratech Limited (JIL) approved by the NCLAT, is set to take control of the company following a meeting next week. This development brings the group closer to restarting construction on nine stalled projects in Noida s Wish Town and other areas, offering renewed hope to 20,000 buyers who invested in flats 15-20 years ago.
The Delhi High Court on Friday ordered the de-registration of the planes leased out to Go First Airlines by various companies, and restrained the debt-ridden airline from flying them.
The Gujarat High Court has quashed the demand notice and assessment order in the absence of any claim not forming part of the resolution plan (RP).The bench of Justice Bhargav D. Karia and Justice.
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The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at.