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