Citing the information received from NCLT, Minister of State for Corporate Affairs Anurag Singh Thakur said that a total 1,821 cases have been filed by homebuyers against builders since June 2018 under the Code.
The joint venture entity will develop a mixed-use project with total 200 hotel rooms, while the rest will be office space.
An additional 1,000 employees will leave as WeWork sells or closes down non-core businesses, like a private school in Manhattan that WeWork set up.
This is the same matter in which UP minister Swati Singh had asked the Cantonment police circle officer to quash the case.
Suraksha Realty has upped its offer to Rs 7,900 crore to lenders and possession in 3 years to over 22,000 homebuyers. In the earlier round of bidding, Suraksha had offered Rs 5,000 crore.
More than a year ago, infrastructure conglomerate IL&FS triggered a crisis of capital that kept the largest domestic institutional investor away from taking usual bets on privately held companies.
The court said Gehlaut, Banga and other active directors of IVL and IHLF Ashwini Kumar Hooda, Sachin Chaudhary, Divyesh Bharat Kumar Shah and Pinank Jayant Shah had "knowingly and wilfully" disobeyed the court.
If the government goes ahead and implements the widely speculated move of linking Aadhaar with property, it will constitute another big surgical strike against black money and money laundering.
Under the new business model the firm has signed four joint development projects in Mumbai and Bengaluru totalling 4 million square feet to expand its portfolio.
The Supreme Court had about a year ago asked the state-run builder to complete 16 projects of the Amrapali group.
Apart from realty firm’s chairman Kamal Kishore Gupta and managing director Babulal Varma, 10 directors have been directed to be present in court for the next hearing in December.
The Alternative Investment Fund (AIF) comprises of Rs 10,000 crore coming from the government and the remaining being provided by state insurer LIC and the country's largest lender SBI.