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NBFC fund crunch begins to hit real estate sector – Times of India
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NBFC fund crunch begins to hit real estate sector – Times of India

NEW DELHI: Home buyers and real estate developers are facing a fund crisis, despite RBI’s recent measures to increase bank credit + to non-banking finance companies (NBFCs) and housing finance companies (HFCs). The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home…

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Supreme Court grills CFO, auditors of Amrapali Group; says CMD, directors to remain under police surveillance
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Supreme Court grills CFO, auditors of Amrapali Group; says CMD, directors to remain under police surveillance

NEW DELHI: The Supreme Court Friday grilled the Chief Financial Officer (CFO) and internal auditors of Amrapali Group over diversion of home buyers’ money and ordered that company’s CMD as also its two other directors would remain under police surveillance at a hotel in Noida. The top court zeroed in on 23 “dummy companies”, which…

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Income Tax Dept Raid on Patiala Chaatwala Leads to Undisclosed Income of Rs 1.2 Crore
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Income Tax Dept Raid on Patiala Chaatwala Leads to Undisclosed Income of Rs 1.2 Crore

Investigations revealed that the chaat shop owner had made investments running into lakhs in real estate. New Delhi: On Wednesday, when income tax officials landed at the shop of Patiala’s famous chaatwala for a raid, little did they know that they would discover an undisclosed income of Rs 1.2 crore. The tax officials got suspicious…

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