#RealtyNewsRoundUp: ICICI Bank Drags Jaiprakash Associates To Insolvency Tribunal

Loading video...


Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT) over non-payment of Rs 1,200-crore loan. The company has been asked to reply to the bank’s notice by September 17.


As many as 31,475 real estate projects and 24,000 real estate agents have been registered under real estate regulatory authorities (RERA) across the country. According to the housing ministry, 28 states and Union Territories (UTs) have notified the rules under the law (except Jammu & Kashmir, six northeastern states and West Bengal). Of them, 12 have set up regular authorities the reaming have interim authorities. As many as 20 States /UTs have set up the Real Estate Appellate Tribunals so far while 21 have set up web portals.


Member of Legislative Assembly from Jewar Dhirendra Sing on September 10 said consent had been given for almost 93 per cent of the land required for the Phase-I development of the proposed airport, and “it is almost certain that work for the airport would begin soon after following due procedures”.

Land from five villages, Rohi, Parohi, Dayanatpur, Ranhera and Kishorpur, is being acquired for the first phase of the airport project.


As many as 21,000 calls were attempted to avail the doorstep delivery of services on the first day of its launch, even as 369 appointments could be fixed due to heavy traffic at designated call centres, the Delhi government said in a statement. Delhi residents can dial 1076 to place a request for doorstep delivery of services which will be provided from 8 am to 10 pm.


The Supreme Court has asked the Greater Noida Authority to deposit Rs 66.82 crore, received from realty firm Unitech, with its registry to refund those who have opted out of one of its housing schemes in the area.

 Source: Media reports

Tags: Video, ICICI Bank, propguide, RERA, Jaypee Insolvency

Subscribe Now

To stay tuned with real estate updates


x +