In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
The probe agency, in the release, did not disclose the exact roles of the accused police officers, citing that it would affect the investigation.
The health department said two of the persons on the contact list are from Palakkad, while four are from Thiruvananthapuram.
The 900-page chargesheet, submitted on Thursday in a sessions court, has excluded the 17-year-old boy, whose case is being handled separately by the Juvenile Justice Board.
In an application filed in the apex court, the Kerala government has also sought a direction to the Tamil Nadu government to control the water level by releasing water from the dam throughout the day instead of releasing a huge quantity of water at the wee hours without giving sufficient warning time.
Sahara Chief Subrata Roy, who has been in jail for the last four months, on Thursday pleaded before the Supreme Court to allow him parole for at least 40 days to sell his properties to raise Rs 10,000 crore to get bail and expressed his willingness to dispose of luxury hotels in New York and London.
According to several media reports, gunshots were fired at the residence of the son of Satish Kumar, the president of Lakshmi Narayan Mandir, in Surrey on Wednesday.
The high court, however, directed the trial court concerned to conclude its trial in the case by taking up hearing at least twice a week, noting that the accused have been behind bars since 2008.
NIA investigations in the case so far have revealed that the incidents in London on March 19 and 22 last year were part of a larger conspiracy to unleash vicious attacks on the Indian missions and its officials.
The charred remains were on Friday identified as those of three family members: 51-year-old Rajiv Warikoo; his wife, 47-year-old Shilpa Kotha; and their 16-year-old daughter, Mahek Warikoo.
John Abraham made news this week when it was revealed that he had bought property in Mumbai worth Rs 70 crore (Rs 700 million).
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
Shoaib Ahmed Mirza alias Chhotu (35), a resident of Hubbali city in Karnataka, is the fifth person to be arrested in the case, they said.
In a video clip that had gone viral on social media, Faizan, along with four other Muslim men, was seen being beaten up by policemen while being forced to sing the national anthem and 'Vande Mataram'.
A look at the major names who were not retained by the IPL franchises.
The Enforcement Directorate (ED) on Wednesday told the Delhi high court that Chief Minister Arvind Kejriwal, arrested in a money laundering case linked with the alleged excise scam, cannot claim "immunity" from arrest on the ground of upcoming elections as law is applied equally to him and an aam aadmi.
Landa currently resides in Edmonton, the capital of Alberta in Canada, and is a member of Babbar Khalsa International.
Global investors have been cautious this year to put money into Indian real estate, as private equity inflow is down 44 per cent till December 12 to $3 billion compared to the entire previous year, according to Knight Frank. Real estate consultant Knight Frank India on Thursday released its data showing that the Indian real estate market received $3,024 million in PE investments from 23 deals between January 1 and December 12 this year, as against $5,357 million recorded in 2022.
The Dubai property market is showing good signs of a recovery, with many neighbourhoods reporting the first increases in value since 2008, a new industry report has revealed.
Incumbent DMK MP T Sumathy alias Tamizhachi Thangapandian will face-off former Telangana Governor and BJP leader Tamilisai Soundararajan, while the the AIADMK has fielded ex-MP Dr J Jayavardhan, who won from here in 2014.
The unnamed 24-year-old suspect worked at Terminal 5 at Heathrow Airport and is said to have charged customers GBP 25,000 per trip to abuse a loophole and fly them across the British Airways network without crucial visa documents.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
Hockley, when asked about the report, denied suggestions that the powerful nations were turning a blind eye to Test cricket, saying he had met Snedden during the New Zealand-Australia first Test in Wellington and conveyed to him that Australia was very much committed to help ICC ensure all the three formats flourish.
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
Senior advocate Rajeev Dhawan, appearing for Sahara, sought release of Sahara chief Subrata Roy on the ground of his "deteriorating" health and the fact that market regulator Sebi has already been authorised to sell 66 properties
The Manipur police said all personnel of the force from top to bottom are united and any attack on anyone and use of social media to target any officer or unit will be taken seriously and stringent action will be taken.
Lamichhane, who is currently out on bail -- an order released by the Patan High Court -- was arrested in November 2022, after a 18-year-old girl alleged that he raped her in a hotel room in Kathmandu in August 2022.
Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St Nicholas Place in Harlem, Manhattan that left about 17 other people injured.
Salem had said his sentence could not exceed 25 years as per a solemn assurance given by India to Portugal for his extradition in 2002.
More than half (56 per cent) of chief economists expect the global economy to weaken in 2024, with most saying the pace of geo-economic fragmentation will accelerate, according to the latest "Chief Economists Outlook" released on Monday at the World Economic Forum (WEF). The report indicates that the global economic prospects remain subdued and uncertain. Challenges include tight financial conditions, geopolitical rifts, and the rapid development of generative artificial intelligence (AI).
Digital ghosts have opened a new can of worms for digital experts.
Police attached property of absconding Rajballabh Yadav, a MLA of the ruling RJD who is accused of raping a minor girl and failed to surrender in the court, police said.
Tamba was attacked by motorcycle-borne assailants at his residence in Sanant Nagar, a thickly populated area of old Lahore in the afternoon.
India has now moved up 1 position to 29th.
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a "transformative shift".
Subrata Roy was arrested in March 2014 after the company failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal.
The group is selling property to raise a particular sum for the release of its chief Subrata Roy, in Tihar jail since March 4.
Displaying a washing machine on its press conference dais, the Congress on Saturday taunted the Bharatiya Janata Party over the Central Bureau of Investigation (CBI) filing a closure report in a 2017 corruption case against Nationalist Congress Party leader Praful Patel and said the ruling party's 'fully automatic washing machine' works on the principle -- 'join BJP, case closed'.
Foreign nationals from 162 countries ended up buying real estate in Dubai in 2013
A new political crisis is brewing in the VK Sasikala camp in Tamil Nadu -- differences between Chief Minister Edappadi Palaniswami and party general secretary Sasikala.
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