TWINTOWERS
Standard Chartered has no intention to divest Chennai property for now
The land originally belonged to ANZ Grindlays Bank and was part of the takeover by Standard Chartered, with backend support being operated from there. It also has 500,000 sq ft of built area in the Nungambakkam area.
2022: Twin-tower demolition, conflicts in housing societies and Yogi breaking 'Noida jinx'
Uttar Pradesh Chief Minister Adityanath also broke the three-decade-old "Noida jinx" as he stormed to power for a second time in a row. Since Veerendra Bahadur Singh's ouster as chief minister in 1988 after a trip here, a superstition was nurtured that any chief minister visiting Noida would be out of power.
Supertech twin tower: SC directs refund to 15 home buyers from Rs 1 cr deposited by IRP
The Supreme Court said on Friday 15 home buyers of the now razed twin-towers of real estate firm Supertech in Noida will be refunded on pro-rata basis from the Rs 1 crore deposited by the Interim Resolution Professional (IRP).
India goes gaga on social media as twin towers crumble
Indians closely followed the Noida twin-tower demolition on the Internet Sunday. Soon after an implosion triggered with 3,700 kilograms of explosives brought the towers to ground in the afternoon, feeds on WhatsApp, Twitter, Facebook and other platforms were flooded with photos, videos and memes.
Meesho to widen logistics network with software; foreign investors cut stakes in IT firms
The solution will also let Meesho work more closely with local and regional players that may not have access to software solutions to service large volumes of ecommerce deliveries.
Noida's twin towers reduced to rubble, Twitter explodes with 'demolition' jokes
Supertech's twin towers in Noida were reduced to dust and debris in a matter of nine seconds on Sunday.
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As Noida's twin towers go down, Twitter explodes with mirth, memes and 'demolition' humour
While some users tweeted that the "Tower of Corruption" was grounded, a few others said the media's ground coverage of the unprecedented event was "as if ISRO is sending Gaganyaan to moon". People across the country were glued to their TV sets since afternoon to watch the mega demolition event and a little past 2:30 PM, the twin towers literally became history, becoming the tallest structures to be demolished in India.
Flat buyers of Supertech's twin towers will be refunded in full, says Supreme Court
The top court also asked Supertech's Interim Resolution Professional to deposit Rs 1 crore with the court registry. The National Company Law Tribunal (NCLT) had declared the firm bankrupt on a plea filed by the Union Bank of India for non-payment of around Rs 432 crore worth of dues.
Settlement proposal with bank submitted in NCLAT, erstwhile management of Supertech to SC
A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha was told by senior advocate S Ganesh, appearing for erstwhile management, that they have submitted the proposal and urged the court to direct the NCLAT to consider it. The bench said, "You have placed it. They (NCLAT) will consider it. We should not be issuing any such direction for consideration. It is not appropriate for us to direct them".
In talk with bank to settle dispute over dues: Ex-management of Supertech to Supreme Court
The realty firm had informed the top court that it will be filing an appeal against the order of the National Company Law Tribunal (NCLT) declaring it bankrupt on a plea filed by the Union Bank of India for non-payment of around Rs 432 crore worth of dues.
Supertech's Twin Tower: Homebuyers' interest will be protected, says SC, directs to file claims
A bench of Justices DY Chandrachud and Surya Kant noted the submissions of senior advocate S Ganesh appearing for ex-management of Supertech and amicus curiae Gaurav Agarwal that there was a total of 711 home buyers of twin towers out of which the company had settled the claim of 652 home buyers.
Noida Supertech twin-tower demolition: Implosion to take just 9 seconds
A stretch of the Noida-Greater Noida Expressway close to the site would also be shut for traffic for an hour, while security personnel would be deployed in the area in large numbers on the day.
Resources can be mobilised immediately, twin-tower demolition from Feb 20: NOIDA
The twin-towers are located in Supertech's Emerald Court society in Sector 93A of the city and were coming up in violation of building bye-laws.
Emerald Court: SC refuses to reopen settlement of home buyers and Supertech on refund
"In respect to those home buyers, who have entered into settlement as noted in the note submitted by the amicus curiae, the settlement shall govern the rights and obligations of the respected parties," the bench said. The bench said it accepts the computation which has been submitted by the amicus curiae and directed that the payments be made in terms of his submissions.
SC directs Supertech Ltd to make refund with interest to home-buyers of to be razed twin-towers
A bench of Justices DY Chandrachud and Bela Trivedi was hearing a batch of contempt petitions filed by homebuyers alleging that the builder was not complying with the directions of August 31, last year by the top court on the refund with interest and instead of making deductions on the total amount.
SC pulls up Supertech, says its directors will be sent to jail for "playing truant" with the court
The apex court also took note of the deduction in payments to be made to the homebuyers as directed by it last year and asked the realty firm to put its "house in order" or "face serious consequences".
Reliance checks into New York, buys Mandarin Oriental Hotel for around $270 mn
The 248-room and suites property at Columbus Circle, is one of the city’s uber luxury lodging establishments towering over Central Park in mid-town Manhattan, frequented by Hollywood celebrities and hedge fund billionaires.
Twin-tower demolition to take longer than 3 months: Supertech informs NOIDA
The real estate group cited opinion of top experts it had hired for reviewing the demolition plan of the two under-construction tower in sector 93A of Noida and would seek further time extension from Supreme Court for "safe" demolition", the sources said.
Supertech twin-tower case: UP govt suspends 3 NOIDA officers, total 26 found involved
"Of the four serving officials, one has already been suspended from work. Three other serving officers have been suspended and departmental inquiry is being initiated against them. Order has been issued for action against retired officials also as per procedures," the statement read.
Senior citizens who waged decade-long legal war against Supertech's illegal twin-towers in Noida
In 2009, four residents went up against Supertech's plan for twin towers, which were coming up in violation of building bye-laws, and formed a core legal committee that moved the court. UBS Teotia (80), S K Sharma (74), Ravi Bajaj (65) and M K Jain (59) have been credited with bringing down the company to its knees.
Anthony Bourdain fans can now rent the late chef's Manhattan condo at $14,200 per month
Situated on the 64th-floor, the 1,283-square-foot house comes with Hudson River views through floor-to-ceiling windows.
SC directs Supertech to pay 10% per annum ROI to Emerald homebuyers
The apex court last year had directed Supertech to pay 10% of invested money per annum as investment returns starting January 2015.
Protesting Sikh removed from Donald Trump rally
Displaying a banner "Stop Hate", the Sikh protester tried to interrupt the speech of the Republican presidential front runner. Soon he was escorted out of the rally.
World Trade Centre to be set up in Kochi at Rs 250 crore
A World Trade Centre will be set up in Kochi at Rs 250 crore by Brigade Group and provide around 8,000 jobs, the Benguluru-based real estate major said today.
Terror strike on Karachi airport: Lessons are not for Islamabad alone
If the terrorists at Karachi had succeeded in hijacking a plane, a twin-towers like attack on any one of India’s seats of political power
Noida twin-tower row: Supertech buyers protest against company, High Court's ruling
About 250 people, who had bought apartments worth Rs 1 crore each, are now planning to move court to safeguard their investments.
Donald Trump ties up with Lodha for residential project in Mumbai
US-based business tycoon Donald Trump has tied up with Indian realty player Lodha Group for a high-end real estate project in the metropolis.
Hilton Worldwide signs agreement with Nehru Place Hotels
Hilton Worldwide has signed an agreement with Nehru Place Hotels, an Eros Group company, to take over the management of its hotel in Nehru Place in South Delhi.
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