Sebi to auction 23 properties of 9 companies in February, ET LegalWorld
Sebi on Monday said it has scheduled an auction of 23 properties belonging to nine firms, such as Tower Infotech and Vibgyor Group of Companies in February, aimed to recoup funds illicitly collected from investors. Additionally, GBC Industrial Corporation, Waris Group, Pincon Group, Kolkata Weir Industries Ltd (KWIL), Annex Infrastructure India, I-core Group and MPS […]
Sebi to auction 28 properties of 5 companies next month, ET LegalWorld
Capital markets regulator Sebi will auction 28 properties of five companies, including Bishal Group and Sumangal Industries, on January 27, to recover money illegally collected from investors by these companies. The properties will be auctioned for a reserve price of Rs 28.66 crore. Ravi Kiran Realty India, Mangalam Agro Products , and Purusattam Infotech Industries […]
SC orders ED to handover Bhushan Power & Steel properties worth Rs 4,025 crore to JSW Steel, ET LegalWorld
The Supreme Court on Friday directed the Enforcement Directorate (ED) to handover to JSW Steel the debt-ridden Bhushan Power & Steel’s properties worth Rs 4,025 crore that were provisionally attached in 2019 in connection with a money laundering probe linked to an alleged bank loan fraud by the erstwhile management. The ED has now taken […]
SC lays down pan-India guidelines on demolition of properties, ET LegalWorld
Coming down hard on instant ‘bulldozer justice’, the Supreme Court on Wednesday laid down pan-India guidelines on demolition of properties and said the Executive cannot become a judge, declare an accused as guilty and demolish his house.A bench of Justices B R Gavai and K V Viswanathan said it will be “totally unconstitutional” if houses […]
Supreme Court Orders Auction of Heera Gold Properties to Repay Investors, ET LegalWorld
The court instructed ED and Telangana govt to investigate the status of these properties. On reviewing the reports, the court found two of the properties —Naina Towers and another — were free from encumbrance and ordered their auction. The court did not issue a ruling on the third property, as it remains under review. ED […]
Suresh Kumar Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024
Delhi High Court Suresh Kumar Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024 Author: Sachin Datta Bench: Sachin Datta $~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment pronounced on: 29.10.2024 + ARB.P. 721/2022 SURESH KUMAR KAKKAR & ANR ….. Petitioners Through: Ms. Akanksha Kaul, Mr. Harsh […]
Suresh Kumar Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024
Delhi High Court Suresh Kumar Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024 Author: Sachin Datta Bench: Sachin Datta $~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment pronounced on: 29.10.2024 + ARB.P. 721/2022 SURESH KUMAR KAKKAR & ANR ….. Petitioners Through: Ms. Akanksha Kaul, Mr. Harsh […]
Badrinath Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024
Delhi High Court Badrinath Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024 Author: Sachin Datta Bench: Sachin Datta $~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment pronounced on: 29.10.2024 + ARB.P. 721/2022 SURESH KUMAR KAKKAR & ANR ….. Petitioners Through: Ms. Akanksha Kaul, Mr. Harsh Sethi […]
Badrinath Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024
Delhi High Court Badrinath Kakkar & Anr. vs M/S Ansal Properties And … on 29 October, 2024 Author: Sachin Datta Bench: Sachin Datta $~J-1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment pronounced on: 29.10.2024 + ARB.P. 721/2022 SURESH KUMAR KAKKAR & ANR ….. Petitioners Through: Ms. Akanksha Kaul, Mr. Harsh Sethi […]
TGRERA Imposes Rs 15 Lakh Fine on Jayabheri Properties for Misleading Information on The Pinnacle Project, ET LegalWorld
The Telangana Real Estate Regulatory Authority (TGRERA) imposed a penalty of Rs 15 lakh on Jayabheri Properties Private Limited for providing incorrect information about ongoing litigation concerning the land for its ‘The Pinnacle’ project. The order was issued on Nov 4 by TGRERA led by retired IAS N Satyanarayana. TGRERA declined to revoke the project’s […]