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Enforcement Directorate raids DLF premises in money laundering probe involving Supertech Group - Vimarsana News

Enforcement Directorate raids DLF premises in money laundering probe involving Supertech Group

The Enforcement Directorate (ED) has conducted extensive searches at the premises of DLF in Gurugram.

Supreme Court Half Yearly Digest 2023: Insolvency And Bankruptcy Code - Vimarsana News

Supreme Court Half Yearly Digest 2023: Insolvency And Bankruptcy Code

Companies Act, 2013 - Upholds the constitutionality of Section 327(7) of the Companies Act, which excludes workers dues from priority payment in the event of liquidation of a company under the...

Source: livelaw.in
Reimagining Insolvency Resolution: Reverse CIRP A Game-Changer For India's Real Estate Sector - Vimarsana News

Reimagining Insolvency Resolution: Reverse CIRP A Game-Changer For India's Real Estate Sector

The real estate industry is one of the thriving sectors in the modern business world. There are three parties in the real estate business – the real estate companies and their promoters (who develop...

Source: livelaw.in
NCLT admits insolvency plea against Supertech ORB, Real Estate News, ET RealEstate - Vimarsana News

NCLT admits insolvency plea against Supertech ORB, Real Estate News, ET RealEstate

Supertech ORB: Already, thousands of homebuyers at Supertech's other project - along the Noida-Greater Noida Expressway - have suffered a setback after the twin towers were erased for faulty construction and violation of rules.

nclt: NCLT admits insolvency plea against Supertech ORB - Vimarsana News

nclt: NCLT admits insolvency plea against Supertech ORB

Supertech ORB, a real estate company constructing luxury apartments in Delhi-NCR, has been admitted for bankruptcy resolution. This could lead to a delay in possession for homebuyers. The company's other project, along the Noida-Greater Noida Expressway, has already faced setbacks due to faulty construction. The Allahabad National Company Law Tribunal has appointed an interim resolution professional for Supertech ORB. The company's promoter is currently in jail on charges of money laundering and cheating home buyers. The lender has terminated a settlement agreement and recalled a loan of Rs 48...