English हिन्दी
Connect with us

News Story

National Company Law Tribunal allows Govt to take control of Unitech

Published

on

National Company Law Tribunal allows Govt to take control of Unitech

[vc_row][vc_column][vc_column_text]The National Company Law Tribunal on Friday allowed the government to appoint new management for real-estate giant Unitech Ltd..

The NCLT agreed to the Ministry of Corporate Affairs plea and issued notices to Unitech’s existing directors, who are now restrained from acting as board members. The two-member bench said the government can appoint 10 nominee directors, whose names it will examine on December 20.

“We want to avoid insolvency of this company, otherwise the 19,000 home buyers will be left high and dry,” said Additional Solicitor General (ASG) Sanjay Jain.

Unitech’s lawyers were not present during court proceedings on Friday morning. ASG Sanjay Jain told the court that the company had refused to accept an advance copy of the petition that was sent to it.

Later, the NCLT bench heard Unitech’s lawyers plea but denied any relief. However, it said the order will be subject to any ruling by the Supreme Court.

The corporate affairs ministry had moved the National Company Law Tribunal to take management control of realty major Unitech on grounds of mismanagement and diversion of funds, Bloomberg reported earlier on Friday.

The Economic Offences Wing of the Delhi Police arrested Unitech managing director Chandra and his brother Ajay in April 2017 for allegedly cheating buyers and siphoning off clients’ money to foreign accounts. Unitech had also failed to complete housing projects in Greater Noida and Gurugram on time and the company’s management did not refund the money along with the interest. Unitech had yet to deliver possession of 16,299 flats worth Rs 7,816 crore to investors in 61 projects.

The Supreme Court denied Chandra bail until the company deposited funds with it to protect the interests of such buyers.

The ministry of corporate affairs had reportedly sought  suspension of Unitech’s existing board of directors and its chief financial officer in a petition filed with the National Company Law Tribunal under the Companies Act, 2013. The government wanted to replace the board with 10 of its own nominee directors in the interim.

The NCLT has allowed the government’s plea.[/vc_column_text][/vc_column][/vc_row]

Featured

Ensure nutrition supplement ad wins hearts, Tweeple say video taught them a lot | WATCH

In this era of ads where some advertisements are really praised for their inclusivity while the others are being criticised, Ensure (an American brand of nutritional supplements) have also come up with a very heart touching advertisement in this festive season.

Published

on

Ensure nutrition supplement ad

By Tarannum

In this era of ads where some advertisements are really praised for their inclusivity while the others are being criticised, Ensure (an American brand of nutritional supplements) have also come up with a very heart touching advertisement in this festive season.

The video is on fleek and it’s being liked and shared by people a lot on social media, soon it came out. Tweeple are appreciating and twitting this viral video with good compliments.

In this inspiring advertisement, we can see a man making a list of guests, asking her wife for one of his specific friends on the occasion of the festival but her wife denies informing him about the long list and work overload, the man then make her a cup of hot tea made of Ensure milk powder, saying that we should thank the people who took time for us when nobody did. This cute message is liked by the people and Twitter is flooded with appreciation posts with the hashtag StrongerInsideOut.

One person tweeted that this video taught him to come up front, help people and celebrate. Have a look :

The other Twitter user wrote about the amazing initiative of this video and appreciated this.

https://twitter.com/Gopika55/status/1457671525209833479

What is Ensure?

Ensure is an American for nutritional supplements and replacements for meals. This brand, Ensure is manufactured by Abbott Laboratories.

Read Also: Amazon updates Alexa: Now you can move music between multiple echo devices, here’s how to do it!

Ensure Original contains 220 calories, six grams of saturated fat, 15 grams of sugar, and nine grams of protein in a 237-ml (8-fl oz) bottle. Water, corn maltodextrin, sugar, milk protein concentrate, canola oil, and soy protein isolate are the top six ingredients in Ensure original. For people with lactose intolerance can also take this as Ensure is considered lactose-free.

Continue Reading

Bollywood news

Tip Tip Barsa Paani: Raveena Tandon or Katrina Kaif? Mohra star likes tweets hailing original song

Apart from the movie’s plot, Sooryavanshi is ruling the hearts of the audience with its peppy songs. Recently, the makers have dropped the remake of the iconic 90s song Tip Tip Barsa Paani that has been recreated by Katrina and Akshay.

Published

on

By Tarannum

The much-awaited film from Rohit Shetty’s cop universe, Sooryavanshi hit the silver screens on November 5. Apart from the movie’s plot, the Akshay Kumar and Katrina Kaif starrer is ruling the hearts of the audience with its peppy songs. Recently, the makers have dropped the remake of the iconic 90s song Tip Tip Barsa Paani that has been recreated by Katrina and Akshay.

The original Tip Tip Barsa Paani song from Mohra film was voiced by the singers, noted singers Udit Narayan and Alka Yagnik. It came out in the year 1994 wherein the audience had witnessed the sizzling chemistry between Raveena Tandon and Akshay Kumar.

Raveena Tandon likes tweets hailing original Tip Tip Barsa Paani

Soon after the song was released, fans started comparing it to the original song from the film Mohra, which featured Raveena Tandon and Akshay Kumar. The recreated version by Kat and Akki sent the mercury soaring and is receiving rave reviews, however, a section of fans had conflicting opinions about Katrina’s performance. While some of them admired her performance, others felt that it did not match the original version.

One of the fans tweeted that the original tip tip barsa pani is something else, that too in the early 90s. The Tip Tip Barsa Pani star has liked the tweets wherein the audience have praised the original version of the song.

Tip Tip song from Sooryavanshi

In the song, Katrina Kaif can be seen donning a silver metallic saree and her scintillating moves will surely make you fall head over heels in love with her. While Katrina is dancing in the rain, Akshay can be seen admiring her. The song has a carnival set up and has been recreated by Tanishk Bagchi.

Watch the Tip Tip song here

In other news, Telugu actor Anushka Shetty gave a return gift to her fans on the occasion of her 40th birthday. The Baahubali star has announced her new project with Mahesh Babu P.

Continue Reading

Cinema news & gossip

Bheemla Nayak’s latest song out: Pawan Kalyan’s new power look in the lungi

Finally the wait is over, after a long time this new song Lala Bheemla has been released today. It is debuted by the filmmakers of the upcoming film Bheemla Nayak, which stars superstar Pawan Kalyan.

Published

on

By Tarannum

Finally, the wait is over, after a long time this new song Lala Bheemla has been released today. It is debuted by the filmmakers of the upcoming film Bheemla Nayak, which stars superstar Pawan Kalyan.

Lala Bheemla is a song with such a high level of energy and music. The song is composed by S Thaman and released on the occasion of Trivikram’s birthday who is a lyricist and dialogue writer for the film.

Manobala Vijayabalan tweeted about the song release with the date, song name and the name of filmstar Pawan Kalyan.

The song is based on strong composition, intense lyrics, aggressive vocals, and hair-raising imagery which absolutely meets beyond the expectations.

It’s a treat to watch Pawan Kalyan dressed as a cop in a mass avatar in Lungi. The female dancers from Odisha in the background are also enhancing the mass appeal.

The fact that Trivikram Srinivas, who produced the film’s screenplay and dialogues, also wrote the song’s lyrics is intriguing. Because of his energetic singing, Arun Kaundinya totally changed the mood of the song which is an absolute game-changer.

If we talk about the production of the film, Naga Vamsi has produced the film under the company Sithara Entertainments. Fans of the actor Pawan Kalyan are amazed to hear this incredible song. Therefore, Bheemla Nayak is set to hit the theatres in Sankranthi 2022.

Nithya Menen also plays the lead role in Bheemla Nayak. S Thaman is in charge of the film’s musical score, while Ravi K. Chandran and Naveen Nooli are the cinematographer and editor, respectively.

Continue Reading

Trending

-->

© Copyright 2022 APNLIVE.com