Real Estate News Update for June 12
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Regulatory
Insolvency appellate tribunal NCLAT has asked ICICI Bank to consider bankrupt Jaiprakash Associates Ltd's (JAL) one-time settlement proposal to clear its outstanding loans. The JAL has challenged an order by National Company Law Tribunal (NCLT), Allahabad earlier this month to initiate insolvency proceedings against the company.
Residential
A senior officer said that there were a lot of cases where the sub-registrars were reluctant to register deeds belonging to Goans who have acquired foreign nationality and govt felt that the process to register properties should be simplified.
International
领英推荐
The company named commercial real estate industry veteran John Santora as its new top boss. He most recently served as Tri-State chairman at global real estate services firm Cushman & Wakefield.
Residential
The one-time settlement (OTS) scheme will end on July 31 and hence I urge people to make use of the opportunity to clear the outstanding payments," said Shivakumar.
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