Adani Properties gets NCLT nod to acquire HDIL's two assets | CCI orders probe into market abuse charges against Asian Paints
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The National Company Law Tribunal (NCLT) has approved Adani Properties' acquisition of two assets of defunct real estate developer Housing Development and Infrastructure (HDIL) through the corporate insolvency resolution process (CIRP).
The Allahabad high court has asked Noida Authority to execute flat registries at Grand Omaxe and Forest Spa projects in Sector 93B, paving the way for 220 families to finally get their property documents. The order came after the developer agreed to deposit an additional Rs 25 crore with the Authority in two weeks, making 50 more flats eligible for registry.
The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints.
For the third consecutive week, the district town planner (enforcement) team carried out the ‘office on the spot' drive in Sushant Lok phases 2 and 3. Around 266 notices were pasted on homes violating building norms, zoning laws, and OC rules.
Keystone Realtors has received the letter of acceptance (LOA) for the redevelopment of 25 buildings of Sindhi refugees at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada, Mumbai, being undertaken in collaboration with Maharashtra Housing and Area Development Authority (MHADA).
Noida Authority has rejected a request by Max Estates Ltd to waive constitution change charges (CIC) of around Rs 67 crore for its acquisition of the stalled Delhi One project in Sector 16B. The charges — mandated under the Authority's new unified policy that was announced in Feb this year — are applicable because of a complete change in shareholding following insolvency proceedings.
The Enforcement Directorate said on Tuesday it has seized "incriminating" documents and details of assets following searches against real estate company Raheja Developers Ltd. and its directors in a money laundering case linked to alleged fraud with homebuyers.
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