nclt

In a significant crackdown on financial misconduct, the Enforcement Directorate has seized assets worth Rs 100 crore from two real estate firms, including Jaypee Infratech Ltd (JIL). Authorities accuse JIL and its leadership of misappropriating homebuyers' investments. Investigations have unveiled a staggering Rs 33,000 crore was diverted from the Jaypee Wish Town projects for purposes unrelated to construction.

The Centre questioned the Delhi Gymkhana Club's shift from sports to social gatherings, accusing it of becoming a "madhushaala" (bar) instead of a "vyayamshaala" (gymnasium). This criticism emerged during a probe into financial irregularities and governance failures, as the government sought to reclaim the club's prime land for national security and public purpose.

Tribunal Directs Firm To Ensure That Amount Is Distributed Among All Tea Station Shareholders Within 3 Months

The Centre has ordered the Delhi Gymkhana Club (DGC) to vacate its premises, marking the culmination of a six-year governance dispute. This move follows a probe into mismanagement and violations, surprising members who were recently asked to pay significant dues. The club, a symbol of elitism, has faced controversies over membership rules and factionalism.

Yes, colonial era clubs are a privilege overdue for an eviction. But then what? Do the honours simply pass on to a new elite? What citizens must ask of any reform is, now do we get to sit on the lawns?

Co Submitted Resolution Plan In Oct 2024, Reached Settlement With Lender In Jan

Trial Against Former Promoters Continues

The Supreme Court has taken suo motu action, highlighting severe infrastructure and vacancy issues plaguing the National Company Law Tribunals (nclt). These deficiencies are causing significant delays in crucial insolvency and bankruptcy cases, potentially undermining the Insolvency and Bankruptcy Code's objectives. The court emphasized the urgent need for immediate remedial measures to prevent further frustration of the IBC's purpose.

Flat booked in 2018, but no allotment letter issued to buyer

After a three-year-long wait, the Amaravati bench of the National Company Law Tribunal (nclt) has finally become a reality. The nclt has decided to shift its Amaravati bench from Hyderabad to Amaravati region.