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NCLT Delhi asks why insolvency proceedings should not be initiated against Emaar MGF

NEW DELHI: The National Company Law Tribunal (NCLT) Delhi on Monday issued a show cause notice to Emaar MGF Land asking why the corporate insolvency resolution process be not initiated against them.The company has been asked to file their response by December 20.The orders relates to Emaar MGF’s project-The Views in Sector 105, Mohali where…

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economy
Mapletree acquires, renames SP Infocity as Global Infocity Park Chennai

MUMBAI: Further expanding its presence in India, Mapletree Investments has acquired the securities of Faery Estates from SPREP that owns a 2.7-million-sq-ft IT office development SP Infocity in Chennai, India.“Our latest acquisition in India, one of the world’s fastest growing economies, will strengthen our presence in this market, and further diversifies our investment property portfolio…

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economy
SUN Group to invest across real estate asset classes

BENGALURU: Real Estate fund SUN Group plans to invest across real estate asset classes including industrial and commercial space in the country apart from residential segments.“India remains an exciting market for investors. So far, we had made project level investments and are looking at long term platform deal in the country,” said Uday Khemka, vice…

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economy
NCLT Delhi asks why insolvency proceedings should not be initiated against Emaar MGF

NEW DELHI: The National Company Law Tribunal (NCLT) Delhi on Monday issued a show cause notice to Emaar MGF Land asking why the corporate insolvency resolution process be not initiated against them.The company has been asked to file their response by December 20.The orders relates to Emaar MGF’s project-The Views in Sector 105, Mohali where…

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