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ibc committee has given good suggestion on homebuyers, says pp chaudhary




union minister of state for corporate affairs p p chaudhary tells veena mani and indivjal dhasmana that the government has not yet taken a call on an official panel’s recommendation for not extending a moratorium period beyond 270 days for resolution of insolvent companies, once a case is admitted...



experts laud equal footing to homebuyers and unsecured lenders under ibc




the proposal to treat homebuyers at par with unsecured lenders will go a long way in protecting their interests, said real estate experts. a committee tasked with reviewing the insolvency and bankruptcy code (ibc) has mooted this proposal and under consideration by the government, reports said today...



'no begging please': venkaiah naidu reminds ministers




"no begging please!"this was rajya sabha chairman m venkaiah naidu's directive to ministers on friday, asking them not to use the term 'beg' while tabling the listed official papers in the house.normally, the ministers say "i beg to lay the papers ... listed against my name in today's order paper."n...



insolvency: as builders like jaypee go under, govt looks to ease homebuyers' pai




the central government is mulling ways to ensure homebuyers receive their dues as insolvency proceedings are initiated against more real estate companies on the lines of those against jaypee infratech.  this is being done keeping in mind that the salaried middle class, who invest their life’s sav...



sc issues show cause notice to bcci acting secy




the supreme court today issued show cause notice to bcci acting secretary amitabh chaudhary to explain why its order on the justice r m lodha committee recommendations has not be implemented so far.a three-judge bench headed by justice dipak misra was told by the apex court appointed committee of ad...



defrauded moscow homebuyers sign petition to putin in 'blood'




a group of swindled homebuyers in southwestern moscow have issued a video petition to newly-inaugurated president vladimir putin to draw attention to their plight.fraud in residential real estate is a rampant issue in modern russia, where property developers swindle ordinary homebuyers who co-invest...



supreme court asks bcci to submit draft constitution




above: even after a year, the bcci has not implemented the recommendations of the committee headed by justice lodha (in grey tie). photo: unitaking a serious note of bcci’s lack of compliance with its directives, the apex court ordered it to frame and submit its draft constitution by september 19 ...



ram govind chaudhary to be lop; akhilesh ignores azam, shivpal




eight time mla ram govind chaudhary of samajwadi party is set to become the leader of the opposition in the uttar pradesh assembly as party chief akhilesh yadav nominated him today ignoring stalwarts like azam khan and shivpal yadav."akhilesh yadav has nominated ram govind chaudhary as the leader of...



pizza man jailed for meat cleaver attack




a 32-year-old pizza delivery driver has been jailed for two years and faces possible deportation to india after he slashed two of his colleagues with a meat cleaver following a work-related argument in perth's east.rajat chaudhary, a sausage factory worker by day, was angered when one of his dominos...



sell, mortgage, do whatever, but pay the homebuyers, sc tells jaypee directors




want create site? find free wordpress themes and plugins.above: flat buyers under the banner of jaypee aman owners welfare association shouting slogans during a demonstration demanding for a judicial probe for delay in allotment of their pre-booked flats in new (file picture).photo: uni the supreme ...



bankrupt msme promoters may be allowed to bid for their companies




the insolvency law committee, headed by the ministry of corporate affairs secretary injeti srinivas, is expected to suggest significant changes in the insolvency and bankruptcy act. the 14-member expert panel is looking at allowing promoters of micro, small & medium enterprises (msmes) undergoing re...



cabinet approves ordinance to give homebuyers creditor status under ibc




approving making amendments to the insolvency and bankruptcy act, the cabinet has approved making home-buyers creditors in the insolvency process. also part of the ordinance the government has planned is special provisions for medium and small enterprises. these were, in fact, some of the recommenda...



markets live: asx to climb




illustration: matt golding victoria's decision to waive stamp dutyfor many first homebuyers will fast become counter-productive, stimulating an already booming residential market, property analysts said.the state government has abolished stamp duty for first-time buyers for purchases below $600,000...



no decision on coach yet, cac still deliberating: bcci




the bcci today denied reports that ravi shastri has been appointed coach of the indian cricket team but dropped hints the announcement can be made as early as tonight after cricket advisory committee (cac)'s deliberations on the matter are over.amid media frenzy that shastri has been named coach til...



homebuyers treatment as financial creditor: builder loans may get costlier




the proposed legal amendment to treat homebuyers as financial creditors, and at par with financial lenders, under the insolvency and bankruptcy code (ibc) will have a positive effect on the former. however, the developer-financier model and relationship will see some strain. for, banks and other fin...



supreme court stays nclt order against unitech




the nclt had ordered the supersession of unitech's board as the government had filed a company law petition alleging mismanagement of funds. this came at a time when the supreme court had been trying to find a solution for thousands of homebuyers. the homebuyers had paid large sums to unitech for th...



up govt extends deadline for registration of madrassas by 15




the uttar pradesh government today extended the deadline for all madrassas of the state to register themselves on the state government's website by 15 days.the last date for registration is september 30, minority welfare minister laxmi narayan chaudhary told pti.he said there were some technical bot...



kensington and chelsea homebuyers pay 19,500 per square metre - guardian-series.




one square metre of house space in kensington and chelsea is 25 times more expensive than the cheapest area of england and wales, new figures show. the london borough tops the list for the costliest house price per area, with homebuyers paying almost a 19,500 per square metre last year.start the con...



man held for obscene act in front of tv actress in mumbai




a 43-year-old driver of a luxury car was arrested for allegedly pleasuring himself in front of a tv actress near a school in suburban vile parle here, police said today.jeevan chaudhary, who works as a driver for a city businessman, was arrested on a complaint lodged by the actress after the inciden...



suspected terrorist opens fire at security forces in lucknow, encounter underway




one suspected terrorist opened fire at security forces on tuesday in thakurganj area of lucknow. the 'terrorist' is suspected to be involved in tuesday's ujjain-bhopal train blast.the uttar pradesh anti terror squad cordoned off the densely populated area. a search operation is also underway and res...



jaypee shareholders, homeowners object to evaluation criteria for bids




it is not just the promoters, but also stranded homeowners of jaypee infratech’s (jil’s) various projects as well as minority shareholders totalling around 138,000, who are fearing massive losses if the valuation of the beleaguered firm is slashed by less than half. they have written separately ...



jaypee shareholders, homeowners object to evaluation criteria for bids




it is not just the promoters, but also stranded homeowners of jaypee infratech’s (jil’s) various projects as well as minority shareholders totalling around 138,000, who are fearing massive losses if the valuation of the beleaguered firm is slashed by less than half. they have written separately ...



mca zeroes in on 225,000 more suspected shell companies




the government is intensifying its drive against shell companies. after taking action against 226,000 shell companies last year, the ministry of corporate affairs has now zeroed in on another 225,000 suspected shell companies. the ministry has sent notices to these companies, asking whether they had...



bike-borne assailants shoot at tv journalist in his ghaziabad home




two bike-borne men barged into the residence of a tv journalist here today and shot him in the stomach and right-hand following which he was rushed to a hospital, a police officer said.anuj chaudhary, who works with a hindi news channel, is the husband of a bsp councillor and the police are looking ...



bcci suspends pune curator after tampering claims in sting




the bcci on wednesday suspended the curator of pune's cricket stadium after he was seen in a tv sting operation claiming that he could tamper with the pitch ahead of the second india-new zealand odi.in the sting operation by india today tv, curator pandurang salgaoncar is seen and heard speaking to ...