Latest News on Home buyers
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Home buyers - Total results - 46
Sep 22, 2017
Unitech's Sanjay Chandra fails to get bail as SC equates tears of buyers with his libertyAt the fag end of hearing, Chandra's counsel urged the court that the promoter should be allowed to work from his office in custody, the bench said, "No".
Sep 20, 2017
Jaypee Infratech insolvency: There's a viable solution to home buyers' troubles and it's built in bankruptcy codeSection 36 mandates all such properties held in trust for third parties will not be part of liquidation
Sep 15, 2017
Jaypee's home buyers Vs creditors: Will the insolvency resolution professionals do a balancing act?The IRP will need to carefully study the impact of the final resolution act that will structurally impact the industry as well as other sectors too
Sep 12, 2017
Jaypee Infra: SC asks JP Associates to deposit Rs 2,000 cr to protect home buyers, says IDBI can't be selfishThe bench also restrained the managing director and all the directors of both the companies from leaving the country
Sep 11, 2017
SC asks Jaypee to deposit Rs 2,000 cr, directs IRP to protect homebuyers, creditors' interestsAround 32,000 persons had booked flats in the projects of Jaypee Infratech.
Sep 05, 2017
Jaypee Infratech insolvency: To protect home buyers, SC must come up with a Vishaka-type initiativeHome loan companies merely go by the repaying capacity of the individual borrowers coupled with the valuation of the mortgaged property.
Sep 05, 2017
Jaypee Infratech insolvency: IDBI Bank moves SC against stay, says bank's money is public moneySenior advocate Ajit Sinha, appearing for one of the home buyers, vehemently opposed the contention of the bank and said home buyers were happy because of the apex court order
Sep 05, 2017
Jaypee Infratech insolvency: Supreme Court stays NCLT proceedings, hope for 32,000 home buyersAround Rs 25,000 crore worth of money of flat buyers and others has been at stake and the insolvency proceedings were initiated "for a petty sum of Rs 500 crore".
Sep 04, 2017
Jaypee Infra insolvency: Supreme Court stays NCLT proceedings, issues notices to finance ministry, RBIThe Supreme Court has stayed the NCLT's order appointing an interim resolution professional. Jaypee Infra has defaulted on Rs 526 crore loan from state-run IDBI Bank
Aug 28, 2017
SBI favours equal treatment of lenders, home buyers in projectsSBI's Managing Director (National Banking Group) Rajnish Kumar said that home buyers and lenders should bear losses at pari-passu if there are any losses in projects