Posts tagged with NCLT

NCLT approves demerger of Emaar MGF Land Ltd
Jan 2018 , by in Latest News

National Company Law Tribunal has approved the proposed demerger scheme of Emaar MGF Land Ltd that will pave the way for joint venture partners Dubai's Emaar Properties and India's MGF Development go separate ways. Approving the scheme, the tribunal said the "liabilities and duties" related ... Read more...

HDFC sells, invokes pledged shares of Unitech
Dec 2017 , by in Latest News

HDFC has sold 1.29 crore shares of Unitech in the open market and invoked nearly 8.2 crore pledged shares of the crisis-hit realty firm. HDFC Ltd has sold 1,29,19,566 shares carrying voting rights worth 0.49 per cent stake, and invoked 8,19,88,820 pledged shares worth 3.13 per cent stake, accord... Read more...

RERA should have been enacted earlier, says PM Modi
Dec 2017 , by in Latest News

Prime Minister Narendra Modi on Wednesday said that the Real Estate Regulation and Development Act (RERA) should have been enacted earlier to check the malpractices of builders. His comments came following the Supreme Court’s stay on an NCLT order suspending real estate major Unitech’s di... Read more...

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