fraudulent realty firms
In the FY15 thus far, the Corporate Debt Restructuring (CDR) cell has not received any debt recast requests; thanks to the new guidelines which have been put in place by the Reserve Bank of India with regard to the management of stressed assets. The new RBI guidelines were announced in January, and became effective from [...] Continue Reading »
New Delhi: The Securities and Exchange Board of India (Sebi) has directed to put an end to Collective Investment Schemes (CIS) run by many real estate developers as it suspects investor frauds. It asked the firms to refund the money to investors within three months. Numerous complaints have been lodged with the market regulator by [...] Continue Reading »
