Sebi had imposed penalties on DLF, for entering into sham transactions.
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
CCI has accused realty player DLF of preparing one-sided agreement with home buyers
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
DLF wrote to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments.
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Owners selling apartments are putting in a clause that if final order allows original buyers to get compensation.
The Supreme Court Friday assured the home buyers of the to-be-razed 40-storey twin-towers of real estate firm Supertech in Noida that they will be refunded the full amount deposited with the builder. The apex court also asked the Interim Resolution Professional (IRP) of the firm, facing insolvency proceedings, to deposit Rs one crore with the apex court registry. The Supertech's 40-storey twin towers at Emerald Court Project of Sector 93A of Noida are scheduled to be razed on August 28.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
DLF was asked to file an affidavit in this matter by Monday, after which SAT would issue directions on Wednesday (November 5) on whether the interim relief can be given.
After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Securities and Exchange Board of India on DLF's plea for an interim relief.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
DLF has launched a mega discount sale of its properties.
The case relates to development and sale of residential units in Gurgaon.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
Launches of new homes reduced drastically this year.
A Sebi spokesperson did not respond to an email seeking comments.
For the June quarter, sales for DLF were down 25 per cent at Rs 1,725 crore (Rs 17.25 billion) over the same quarter a year earlier.
This is one of the rare orders by Sebi where it has barred a bluechip firm and its top promoter/executives.
The stock fell by 24.5 per cent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
Turns down firm's plea for stay on CCI order; final order pending
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
DLFknowingly suppressed material facts: Sebi
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The Sensex ended below 28,000 for the second straight day at 27,869.
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
Unable to verify or trace a large number of bondholders in Sahara refund case, Sebi has begun a process to consult the business conglomerate for verifying the genuineness of such investors.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
The government has provided a long-term vision.
Few top honchos of India Inc did very well in 2014.
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