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"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.
The application, seeking a stay on the NCLT order, was listed for hearing before a NCLAT bench comprising Justice Rakesh Kumar Jain and Shreesha Merla on Friday. Earlier on July 20, the Bengaluru bench of the NCLT passed an order over a plea filed by IndusInd Bank, a financial creditor of the company, claiming dues of Rs 94 crore.
Stamp Duty: On Wednesday, the state government issued a notification to this effect in line with the Bombay High Court’s ruling pronounced in February. This has put an end to long-drawn litigation pending since 2006 and is a major relief for the real estate sector, especially the redevelopment segment.
On Wednesday, the state government issued a notification to this effect in line with the Bombay High Courts ruling pronounced in February. This has put an end to long-drawn litigation pending since 2006 and is a major relief for the real estate sector, especially the redevelopment segment.
Ajmera: Coffee Day Global, which operates Cafe Coffee Day chain, was admitted in bankruptcy court for insolvency proceedings on the behest of IndusInd Bank, which filed a claim in court that the company had defaulted on term loans of Rs 115 crore that were disbursed to it in 2019.