: Saturday, May 15, 2021, 10:49 PM IST
Mumbai: NCLT issues Insolvency Resolution Process against Wizcraft as principal loan borrower fails to repay Rs 60 cr
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The National Company Law Tribunal (NCLT) on Monday admitted a petition filed by IDBI Bank Ltd. seeking to invoke Insolvency and Bankruptcy proceedings against Wizcraft International Entertainment Private Limited for failing to pay around Rs 60 crore, an amount, which the original loan borrower - Great Indian Nautanki Company Private Limited (GINCL) failed to pay.
The bank alleged that Wizcraft being the corporate guarantor to the loan it granted to GINCL had issued an unconditional and unrecoverable Corporate Guarantee by which it undertook to pay forthwith upon demand without any demur all amounts payable by the borrower - GINCL. The bank even issued proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, in this matter.
Day after RTI activist s arrest, scribe with fake stamps held in Gurugram
By IANS |
Published on
Tue, May 11 2021 20:33 IST |
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Crime. Image Source: IANS News
Gurugram, May 11 : A day after the arrest of an RTI activist and his two sons for committing a property loan fraud of over Rs 15 crore, the police in Gurugram on Tuesday arrested a journalist in connection with the case for his alleged role in creating fake documents using fake stamps of a Tehsildar of Haryana Urban Development Authority (HUDA).
The accused has been identified as Shahnawaz Alam, a native of Jharkhand presently residing in Laxman Vihar in Phase-2. The police have also recovered two fake stamps of HUDA from his possession.
IKEA purchases 10-acre land in Gurugram for Rs 842 crore at Huda e-auction
IKEA purchases 10-acre land in Gurugram for Rs 842 crore at Huda e-auction
The Haryana Urban Development Agency (HUDA) Has Sold 10 Acres Of Land In Gurugram To The Global Home-furnishing Company IKEA For Rs 842 Crore.
News Nation Bureau | Edited By : Kajol | Updated on: 02 Nov 2017, 08:40:14 AM
New Delhi:
The Haryana Urban Development Agency (HUDA) has sold 10 acres of land in Gurugram to the global home-furnishing company IKEA for Rs 842 crore.
Through an e-auction, Ikea has purchased the land. HUDA has put the land up for auction on October 6. IKEA already has a presence in the city, a corporate office in Cyber Hub.
AJL case: CBI court frames graft charges against Bhupinder Hooda | India News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Updated Apr 16, 2021 | 15:52 IST
On Thursday, arguments on Hooda s discharge application and the framing of charges had been completed before the court in the case. Former Haryana chief minister Bhupinder Singh Hooda | Photo Credit: PTI
Chandigarh: A special CBI court in Panchkula on Friday framed charges against former Haryana Chief Minister Bhupinder Singh Hooda in the Associated Journals Limited (AJL) plot re-allotment case.
The charges were framed against Hooda under Sections 420 (cheating) and 120-B (party to criminal conspiracy) of the Indian Penal Code and under Section 13(1)(d) of the Prevention of Corruption Act, a defence lawyer said.
Hooda was present in the court when charges were framed.