Adani Properties is a frontrunner among eight resolution applicants for bankrupt real estate developer Housing Development Infrastructure (HDIL).
The other applicants include Sharda Constructions & Corporation, B-Right Real Estate, Urban Affordable Housing, Toscano Infrastructure and Dev Land and Housing.
The resolution process of HDIL restarted last month after the appellate tribunal in January overturned an order passed by the National Company Law Tribunal (NCLT) last September that had refused to further extend the deadline to complete the corporate insolvency and resolution process (CIRP).
In mid-February, Adani Properties submitted an offer for land in Virar and Shahad, and a BKC project, one of the people said. Sharda Construction and B-Right have given separate offers for the whole company. Dev Land has bid for HDIL Towers and Toscano Infrastructure has given an offer for Whispering Towers, a residential project in Mulund.
Adani Estate has filed a claim of 285 crore and an Adani affiliate, Budhpur Buildcon, has made another claim of 14,391 crore. Both claims were not admitted by the resolution professional.
Adani Properties is a frontrunner among eight resolution applicants for bankrupt real estate developer Housing Development Infrastructure (HDIL).
The other applicants include Sharda Constructions & Corporation, B-Right Real Estate, Urban Affordable Housing, Toscano Infrastructure and Dev Land and Housing.
The resolution process of HDIL restarted last month after the appellate tribunal in January overturned an order passed by the National Company Law Tribunal (NCLT) last September that had refused to further extend the deadline to complete the corporate insolvency and resolution process (CIRP).
In mid-February, Adani Properties submitted an offer for land in Virar and Shahad, and a BKC project, one of the people said. Sharda Construction and B-Right have given separate offers for the whole company. Dev Land has bid for HDIL Towers and Toscano Infrastructure has given an offer for Whispering Towers, a residential project in Mulund.
Adani Estate has filed a claim of 285 crore and an Adani affiliate, Budhpur Buildcon, has made another claim of 14,391 crore. Both claims were not admitted by the resolution professional.