Nbcc

The NBCC has issued tender for Amrapali Heartbeat City-1 and 2, located in Sector 107, and Amrapali Platinum and Titanium, located in Sector 119. read more

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Following orders from the Supreme Court, the court receiver got documents verified of over 5,000 apartment owners in housing projects. Noida has over 10,000 apartment owners, who are living in Amrapali projects. read more

NBCC, which was pitted against a consortium of Suraksha Realty Ltd and Lakshdeep Investments and Finance Pvt. Ltd, got 97.36% of the votes of 13 lenders and more than 12,000 homebuyers. read more

According to sources, most of the home buyers have voted in favour of NBCC, while some lenders including IDBI and IIFCL supported the resolution plan of NBCC. Final voting result is yet to be declared. read more

To acquire Jaypee Infratech, NBCC competitor Suraksha realty in its latest bid is offering more land and upfront payment to lenders to Rs 190 crore from Rs 175 crore offered in its revised offered submitted on December 3. Suraksha Realty has also improved... read more

NBCC took over the project in July on the SC orders after homebuyers petitioned it following the Amrapali Group’s failure to deliver around 30,000 flats in 15 projects. The promoters of the Group were jailed, and the court receiver is controlling the... read more

The Centre has been engaged in talks with the NSCN-IM, the largest of the Naga rebel outfits, since 1997 and a framework agreement was signed with it in August 2015 to pave way for a final agreement. read more

With regard to payment of service tax, the court clarified, the liability should be imposed on flat buyers only to the extent of the amount they have not paid. read more

A bench of justices AM Khanwilkar and Dinesh Maheshwari gave three weeks to NBCC to file its proposal in a sealed envelope. read more

The SC had on August 22 ordered status quo for a week on the insolvency proceedings after Jaypee challenged National Company Law Appellate Tribunal’s order allowing the fresh bidding for Jaypee Infratech. read more

The Supreme Court has also ordered disbursal of Rs 7.16 crore to National Buildings Construction CorporationLimited (NBCC) for completion of stalled projects of the builder. read more

The counsel also pointed out that the panel suggested by the NBCC must have a representative of homebuyers too. read more

A bench of justice G S Sistani and justice Jyoti Singh sought to know from NBCC India as to how EIA for the Nauroji Nagar project could be given based on the report of some other project. read more

In its verdict on Amrapali builders, the Supreme Court also stated that by the ‘public doctrine’ principle, all public authorities are duty bound to observe that the leased property is not “frittered away” along with the homebuyers’ money. read more