Following today's HC's refusal to listen to builders' petition, following builders have been put in the bankruptcy watchlist immediately by the nationalized banks and all fresh/pending loan disbursement have been stopped for all their projects including NOIDA and elsewhere. Banks have put on hold all the direct payments of builders loan also. (The list has been circulated by the IBA to all member banks in its confidential circular)
Following builders may seek insolvency/bankruptcy protection:
Supertech Limited Amrapali Group Antriksh Ajnara Mahagun Paramount Patel Devika Panchsheel Stellar Trident Rajhans Earth Infrastructures Connoisseur Buildtech Pvt. Ltd Earthcon Gulshan Homes Shree Group Nirala Estates Eros Ajay Enterprizes Valencia Super City Arihant Gaursons
This is an initial list circulated by IBA and contains instructions that certain more partners may be included in forthcoming addendum.