Don’t miss the latest developments in business and finance.

Ansals

Police lodges FIR against Ansal Group after UP CM Yogi's instructions

The Uttar Pradesh Police on Tuesday booked embattled real estate developer Ansal Group for alleged cheating, breach of trust, criminal conspiracy and organised crime, officials said. The FIR was registered a day after Chief Minister Yogi Adityanath instructed officials to take strict action in the matter and safeguard homebuyers' interest. The CM also invoked the real estate group's name on Tuesday inside the state assembly to slam opposition Samajwadi Party, accusing it of favouring such builders during its regime. The FIR was lodged at the Gomti Nagar police station in Lucknow on Tuesday evening. It names as accused Ansal Properties and Infra Limited Promoters, Pranav Ansal, Sushil Ansal, Sunil Kumar Gupta, Francette Patrica Atkinson and Vinay Kumar Singh (Director). They have been booked under BNS sections 316(5) (criminal breach of trust), 318(4)(cheating), 338 (forgery of valuable security, will, etc), 336(3)(forgery for cheating), 340(2)(using forged document as genuine), ..

Updated On: 05 Mar 2025 | 6:31 AM IST

Delhi HC appoints arbitrator to resolve PVR INOX, Ansal Plaza Mall dispute

PVR INOX has filed a claim of approximately Rs 4.5 crore against Ansal Plaza Mall in Greater Noida, seeking arbitration to address the issue

Updated On: 05 Aug 2024 | 5:34 PM IST

Money 'extorted' from Dalmia was embezzled from Ansals, Delhi court told

In a surprising turn of events, a Delhi court was on Thursday told that Rs 6 crore reportedly extorted by alleged conman Sanjay Prakash Rai alias Sanjay Sherpuria from Dalmia Family Office Trust, in which Gaurav Dalmia is a trustee, was part of the money that was allegedly embezzled by Dalmia from the Ansals. The submission was made by Rai's lawyer during arguments on his bail application before Special Judge Sachin Gupta. The judge sought explanation from the Enforcement Directorate (ED) on this point by December 8 when the court will further hear the matter. Advocate Nitesh Rana, appearing for the accused, submitted before the court that the ED itself was confused about the case. Rana said that Rs 6 crore alleged proceeds of crime against Rai is part of money embezzled by Gaurav Dalmia from Ansal Properties and Infrastructure Ltd. and Ansal Landmark Township Ltd. for which the ED in Lucknow has been investigating since 2022. "The Dalmia group has misappropriated Rs 53.14 crore f

Updated On: 30 Nov 2023 | 6:49 PM IST

Insolvency proceedings begin in Ansal Properties and Infrastructure

The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional

Updated On: 25 Nov 2022 | 11:39 PM IST

NCLT initiates insolvency proceedings against Ansal Properties & Infra

The National Company Law Tribunal has directed to initiate insolvency proceedings against realty firm Ansal Properties & Infrastructures on a petition filed by 126 flat buyers of one of the company's housing projects. A two-member bench of the insolvency tribunal had admitted the plea moved by 126 flat/villa buyers of Ansal API's real estate project "The Fernhill" located at Sector 91, Gurgaon. In their petition, the buyers had alleged defaults on the part of Ansal API in delivering the project within the promised time frame as well as the grace period provided under the clauses of the builders-buyers agreement. "The applicants have succeeded in proving their debt and default on the part of the Respondent in the instant case. Hence, in the given facts and circumstances, the present Application being complete and the default being committed above the threshold limit, the present Application is admitted," it said. As a necessary consequence of the moratorium, it also imposed ...

Updated On: 17 Nov 2022 | 10:02 PM IST

NCLAT sets aside insolvency proceedings against Ansal Properties and Infra

A three-member NCLAT bench observed that a decree-holder cannot be treated as financial creditor for the purpose of triggering insolvency proceedings against a company

Updated On: 14 Aug 2020 | 9:53 PM IST

Uphaar case: Supreme Court seeks Ansals' reply on pleas of CBI and victims

A three-judge bench headed by Justice Ranjan Gogoi, which fixed the review pleas for open court hearing on December 14, also extended the order restraining the Ansal brothers from leaving India till disposal of the petitions

Updated On: 06 Dec 2016 | 7:03 PM IST