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Adani Goodhomes: NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate - Vimarsana News

Adani Goodhomes: NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate

The Insolvency Appellate Tribunal NCLAT upheld its Adani Goodhomes' resolution plan for Radius Estate. NCLAT rejected petitions from two dissenting financial creditors, and approved the plan to provide possession to nearly 700 flat owners without price escalation. The plan was opposed by Beacon Trusteeship and ICICI Prudential Venture Capital Fund Real Estate, who claimed it was unfair, but NCLAT affirmed the Commercial Creditors' Committee's decision.

NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate - Vimarsana News

NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate

The Mumbai bench of the National Company Law Tribunal (NCLT) on January 9, 2022, has approved the resolution plan of Adani Goodhomes, a part of Adani Realty

NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate, ET RealEstate - Vimarsana News

NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate, ET RealEstate

Adani Goodhomes: A two-member bench comprising the NCLAT Chairman rejected the petitions by two dissenting financial creditors, saying it was "commercial wisdom" of the Committee of Creditors (CoC), which approved the payout to different creditors.

Yashasvi Jaiswal buys a new house worth over Rs 5 crore in Mumbai. Here are 13 photos that will give you a tour of the luxurious property - Vimarsana News

Yashasvi Jaiswal buys a new house worth over Rs 5 crore in Mumbai. Here are 13 photos that will give you a tour of the luxurious property

After scoring a double century against England in the ongoing Test series, Yashasvi Jaiswal makes the headlines once again but this time for buying a new home

Share of real estate in recoveries under IBC rises to 18.8 percent - Report - Vimarsana News

Share of real estate in recoveries under IBC rises to 18.8 percent - Report

India Business News: Real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC. However subsequent to release of data by IBBI,