• Home
  • Business
More

    Jaypee Infra case: NCLAT asks CoC to frame norms for new bids

    Today's Latest

    99% of Xiaomi phones sold in India are made in India: COO

    Sri City, Nov 18 (IANS) Almost all the phones that Chinese smartphone maker Xiaomi sells in India are made in...

    India to launch Cartosat-3 and 13 other nanosatellites

    Chennai, Nov 18 (IANS) India will launch its cartography satellite Cartosat-3 and 13 commercial nanosatellites into sun synchronous orbit on...

    Too much of cricket making players mentally tired: Moeen Ali

    Abu Dhabi, Nov 18 (IANS) After Virat Kohli, Moeen Ali has come out in support of Glenn Maxwell following the...

    Popular Today

    Justice Bobde takes oath as 47th Chief Justice of India

    New Delhi, Nov 18 (IANS) Justice Sharad Arvind Bobde on Monday was sworn in as the Chief Justice of the...

    ‘Make in India’ hub Noida to churn over 30 cr mobiles in 5 yrs

    Noida, Nov 17 (IANS) The pace at which mobile manufacturing activity is growing in the Noida/Greater Noida area owing to...

    Yogi government is planning to change name of Agra city to Agravan

    Lucknow, Nov 18 (IANS) After changing the names of Allahabad to Prayagraj and Mughalsarai to Deen Dayal Upadhyaya Nagar, the...
    India Updates
    India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

    Distressed Jaypee home buyers seek government's intervention

    New Delhi, July 17 (IANS) In a fresh turn of events in the Jaypee Infratech resolution process, the National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the committee of creditors (CoC) to file an affidavit by Friday with conditions framed for fresh bids.

    - Advertisement -

    The two-judge Bench, headed by NCLAT Chairman Justice S.J. Mukhopadhaya, also laid down the grounds for the terms and conditions saying there should not be any change in the apartment and amenities promised to allottees by the original developer.

    The matter will next be heard on Monday.

    The Bench also said the land attached to the building and common amenities would remain with allottees.

    During the hearing, Justice Mukhopadhaya said the appellate tribunal was working with the aim to deliver “justice to homebuyers”.

    On Adani Group’s request for consideration of their bid, the Bench said it would have to file a fresh bid, keeping in mind the new conditions.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Must Read

    Wikipedia co-founder launching WT: Social, as a rival to Facebook, Twitter

    San Francisco, Nov 17 (IANS) Intended to get right what Facebook and Twitter have so far been getting wrong, Wikipedia...

    India to launch Cartosat-3 and 13 other nanosatellites

    Chennai, Nov 18 (IANS) India will launch its cartography satellite Cartosat-3 and 13 commercial nanosatellites into sun synchronous orbit on November 25, the Indian space...

    Too much of cricket making players mentally tired: Moeen Ali

    Abu Dhabi, Nov 18 (IANS) After Virat Kohli, Moeen Ali has come out in support of Glenn Maxwell following the all-rounder's withdrawal from Australia's recent...

    Smriti Irani along with Bill Gates launch Bharatiya Poshan Krishi Kosh

    New Delhi, Nov 18 (ANI): Union Minister of Women and Child Development (WCD) and Textiles, Smriti Irani, along with Bill Gates, co-chair of Bill...

    Yogi government is planning to change name of Agra city to Agravan

    Lucknow, Nov 18 (IANS) After changing the names of Allahabad to Prayagraj and Mughalsarai to Deen Dayal Upadhyaya Nagar, the Yogi Adityanath government in Uttar...

    More Articles Like This