Arbitrators consented to Punj Lloyd’s plea, seeking compensation for expenses incurred in laying a pipeline at Hazira for ONGC. They also accepted ONGC’s counter claims and asked Punj Lloyd to pay Rs 6 cr for an unutilised advance payment.
The income tax department sought to reopen the accounts of NuPower last year to examine the genuineness of investments of about Rs 50 crore by Firstland Holdings in 2011.
Edelweiss AMC is seeking the appointment of a court receiver and disclosure of all the assets of DHFL.
Committee of creditors reaches agreement with Luckystar Property to settle Siroya Centre dispute out of court.
The bungalow, mortgaged for availing a credit line, is spread over nearly one-third of an acre, is valued around Rs 150 crore based on the current market rates.
Deccan Value says its plan ‘vitiated’ as ‘incorrect info’ on asset was shared.
The board of CG Power, a flagship company of Avantha Group till recently, had ousted Thapar as its chairman on August 29 for alleged accounting fraud.
The counsel for DHFL said the company defaulted on the payment of about Rs 200 crore in the month of May.
He had then later forged signatures of authorising officers at the two companies on slips to transfer these securities to his own account.
The Mumbai bench of NCLT restricted the developer from creating any third-party rights or disposing of any assets.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon