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NCLT admits insolvency plea against Parsvnath Landmark Developers

The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers’ subsidiary, which is developing a housing project in the national capital. The NCLT, Delhi, has admitted an insolvency petition filed by three home buyers against the subsidiary firm – Parsvnath Landmark Developers – for inordinate…

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economy
Noida: Lotus Panache buyers file police complaint against 3C

NOIDA: Homebuyers of Lotus Panache on Friday lodged a complaint with the economic offences wing (EOW) of Delhi Police against the promoters of The 3C Company for allegedly cheating them and committing financial fraud, a day after the National Company Law Tribunal (NCLT) ordered insolvency proceedings against the developer.A subsidiary of 3C, Granite Gate Company…

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economy
Delhi HC approves ex-management’s revival scheme for Assotech

(File Photo) NEW DELHI: Delhi High Court on Friday approved a revival scheme proposed by the ex-management of Assotech. The court also ordered appointment of a retired Judge as ‘Court Commissioner’ to monitor progress of construction of the three residential projects of the company i.e. Assotech Windsor Court, Celeste Towers and The Nest.All involved parties…

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economy
Directors of ABW Infrastructure declared absconders

NEW DELHI: Saket district court on Thursday declared Atul Bansal, Sonal Bansal and Ravi Shankar, promoters of ABW Infrastructure as absconders.The decision was taken based on several FIRs registered by Economic Offence Wing (EoW) against the directors and managing director of the company.Bail plea filed by the company’s director in Delhi high court has been…

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