Tag: indiabulls

IndustryLatest Stories

Indiabulls, TARC Launch New Project on 2.38 Acres in Gurugram

NEW DELHI: Indiabulls, previously known as Yaari Digital Integrated Services, has established a joint venture with a private land-holding entity to develop a commercial project spanning approximately 2.38 acres in Sector 103, Gurugram, adjacent to the Dwarka Expressway. The joint venture has a projected gross development value of ₹600 crore. The planned development will feature office spaces, retail outlets, food and beverage services, and serviced apartments. In a related announcement, TARC has unveiled a new phase, ‘Ishvara’, at its residential project in Sector 63A, Gurugram, after receiving regulatory clearance for expansion. The latest addition follows the acquisition of an adjacent…

Latest StoriesRegulatory

Bankruptcy Court Initiates Insolvency Proceedings for Vatika

NEW DELHI: A bankruptcy court has approved the admission of a real estate developer from Gurgaon into the corporate insolvency resolution process (CIRP) following an application by IDBI Trusteeship Services. This action was prompted after the firm defaulted on dues totaling approximately Rs 274 crore. The Chandigarh bench of the National Company Law Tribunal (NCLT) has designated Jayant Prakash as the interim resolution professional (IRP) to oversee the company’s proceedings. IDBI Trusteeship, acting on behalf of non-convertible debenture (NCD) holders, submitted the case to the tribunal. Senior counsel Gopal Jain and advocate Meghna Mishra represented the trustee company, arguing that…