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Reliance Infrastructure receives NCLAT breather from insolvency proceedings
Reliance Infrastructure, however, told the appellate tribunal that all outstanding dues, including interest, had been fully paid. Taking note of the submission, the NCLAT granted IDBI Trusteeship time to reconcile the payments with its records and posted the matter for hearing on August 27.
"In continuation of our earlier letters dated June 4, 2025, and June 6, 2025, and pursuant to Regulation 30 of the Listing Regulations, we wish to inform that in the appeal filed by the Company, the Hon'ble National Company Law Appellate Tribunal, New Delhi (NCLAT), today in furtherance of the order dated June 4, 2025, wherein the order dated May 30, 2025, was suspended, has been pleased to stay the order dated May 30, 2025, and the Corporate Insolvency Resolution Process against the Company. The next date in the matter is August 27, 2025. The order of the Hon'ble NCLAT shall follow upon receipt of the same. We request you to take the same on record," Reliance Infrastructure told the stock exchanges.
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Time of India
3 hours ago
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Housing societies in dilemma over NA tax in absence of govt resolution
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However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation. The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo The abolition was a long-standing demand of housing society federations. Despite the cabinet decision, lack of an official GR has left societies in a dilemma. Some have stopped paying tax based on the cabinet announcement, while others continue to pay to avoid potential penalties. 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Until the GR is issued, we cannot provide clear instructions to officials or societies," said a senior district administration official. The housing federation said that the issue affects thousands of housing societies and called on the govt to issue a resolution in this regard without any further delay. "This is a critical issue for middle-class homeowners. The longer the delay, the more confusion it will create. The govt must act swiftly," said Patwardhan. Pune: Nearly ten months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard. The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard. The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax. Housing societies have now approached the state government to issue a formal GR in this respect. "We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation. The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas. The abolition was a long-standing demand of housing society federations. Despite the cabinet decision, lack of an official GR has left societies in a dilemma. 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Time of India
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Indian Express
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US races to build migrant tent camps after $45 billion funding boost, reports
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