Appellate tribunal stays NCLT order allowing promoter to bid for firm

An appellate tribunal has stayed the order of the National Company Law Tribunal (NCLT) allowing the promoter of MBL Infrastructure to bid for his insolvent company. It also stayed the resolution plan for the company. The Kolkata bench of the NCLT had allowed the promoter of MBL Infrastructure, Anjanee Kumar Lakhotia, to place a resolution … Continue reading “Appellate tribunal stays NCLT order allowing promoter to bid for firm”

Haryana RERA issues notices to 140 Builders

The interim Haryana Real Estate Regulatory Authority (H-RERA) has slapped notices on 140 residential projects across the state for “not applying” for registration under the Act. Sources said that most of the registrations applied are either “incomplete” or were in “wrong format”. All these projects are currently under construction and haven’t received any occupation certificate. Accordingly officials aforesaid that … Continue reading “Haryana RERA issues notices to 140 Builders”