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Money laundering: Court sends Mahira Group director to ED custody for 5 days, ET RealEstate

A city court sent Sikander Singh Chhoker, one of the directors of real estate firm Mahira Group, to five days’ custody of Enforcement Directorate (ED) in a money laundering case. The Chhokers are being investigated for allegedly siphoning off money collected from homebuyers for a real estate project in Gurgaon. Read more about the case and the ongoing investigation.
Sikander Singh Chhoker Prashant Yadav Dharam Singh Subhas Mehla Dharam Singh Chhoker Sai Aaina Farms Pvt Ltd

Kalpataru Ltd: Kalpataru to redevelop four acre housing society in Mumbai, ET RealEstate

Kalpataru Ltd acquires rights for housing society redevelopment in Lokhandwala, Mumbai with significant revenue potential. Multiple redevelopment projects in progress in Mumbai suburbs. Market achieves record highs despite rising property prices.
Andheri Lokhandwala Yoganand Co Kalpataru Ltd Housing Society Representative Image Representative Imagerealty

Noida Authority files review petition in HC over execution of registry for Lotus flats, ET RealEstate

The Noida Authority has filed a review petition in the Allahabad High Court challenging the directive on executing registries for 330 flats in Lotus 300. The petition cites mounting dues of builders as the reason for inability to execute registries.
Uttar Pradesh Nirmal Singh Prashant Kumar Vidur Bhardwaj Bhuwan Chaturvedi Mahesh Chandra Tripathi

Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL, ET RealEstate

SBI-led lenders seek RBI approval to transfer JALs ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JALs units amid ongoing litigations.
Uttar Pradesh Jayswal Neco Jaypee Infratech Buddh International Race Circuit National Company Law Tribunal Manoj Jaypee Group

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Why Pakistan Blocked Mobile SIM Cards Of Over Half A Million Users?

The authorities in Pakistan have decided to block the mobile phone SIM cards of over half a million tax defaulters. The blockade of SIM cards is a new and easy measure taken by the FBR to encourage low-income people to submit their tax returns to increase the number of return filers., Asia News - Times Now
Pakistan Telecommunication Authority Pakistan Blocks Over Half Over Tax Returns Blocks Over Half Over Tax Returns Failure Representative Image

NCLAT starts hearing YEIDA petition against Suraksha's bid to acquire JIL, ET RealEstate

NCLAT starts hearing YEIDA petition against Suraksha’s bid to acquire JIL. The National Company Law Appellate Tribunal (NCLAT) is hearing a plea by Yamuna Expressway Authority (YEIDA) challenging an NCLT’s order in an insolvency resolution submitted by Suraksha Group for debt-ridden Jaypee Infratech Limited (JIL). The case involves disputes over additional compensation to farmers and the impact on construction of thousands of flats. Stay updated with the latest developments in this o...
Uttar Pradesh Ashish Mohan Gupta Real Estate Allottees Welfare Society Yamuna Expressway Authority Noida Authority National Company Law Appellate Tribunal

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