Jaypee Infratech insolvency case: Monitoring panel seeks NCLT’s direction to implement Suraksha Group's resolution plan
1 year, 1 month ago

Jaypee Infratech insolvency case: Monitoring panel seeks NCLT’s direction to implement Suraksha Group's resolution plan

Hindustan Times  

The five-member monitoring committee set up to oversee the Jaypee Infratech insolvency process has moved the National Company Law Tribunal seeking an appropriate direction for the smooth and effective implementation of the resolution plan that was approved in March 2023. The five-member monitoring committee set up to oversee the Jaypee Infratech insolvency process has moved the NCLT seeking an appropriate direction for the smooth and effective implementation of the resolution plan that was approved in March 2023. The National Company Law Tribunal had approved a bid by Suraksha Group to buy Jaypee Infratech Ltd in March 2023, spelling relief for 20,000 home buyers but the process is yet to make much headway since Yamuna Expressway Industrial Development Authority, the Income Tax department and Jaiprakash Associates have filed petitions before the National Company Law Appellate Tribunal challenging the approval. Further, since the Annual Accounts for the year ended 31.03.2023 were not finalized, the Company was not able to prepare the results for the quarter ended 30.06.2023, for the quarter and half year ended 30.09.2023 and for the quarter and nine months ended 31.12.2023,” the company said in a regulatory filing The IMC in its Fourth Newsletter dated January 20, 2024, for giving key updates/ developments to homebuyers and fixed deposit holders during Phase II period pursuant to approval of the Resolution Plan, said that it has taken up construction work in both of its townships which are namely ‘Aman’ and ‘Wish-town’ in Noida.

History of this topic

NCLAT dismisses plea against resolution plan approval for Duncans Ind
1 week, 1 day ago
NCLT Mumbai Approves ACME Cleantech's Resolution Plan For Reliance Big Private Limited
2 weeks, 5 days ago
NCLAT grants two weeks time for Supertech township's settlement proposal
5 months, 2 weeks ago
Tribunal stays bankruptcy proceedings against Supertech Township project
7 months, 2 weeks ago
NCLT begins insolvency resolution process against Supertech
7 months, 3 weeks ago
NCLT starts insolvency proceedings against Byju's
8 months ago
Lenders move NCLT against 90-day extension for IIHL to complete RCap resolution
8 months, 3 weeks ago
After several delays, Suraksha takes over debt-ridden Jaypee
9 months, 1 week ago
Suraksha Group finally takes over Jaypee Infratech; constitutes 3-member board giving relief to more than 20,000 buyers
9 months, 1 week ago
NCLT initiates insolvency against Jaiprakash Associates, admits ICICI Bank plea
9 months, 2 weeks ago
NCLAT Upholds Suraksha Realty's Resolution Plan For Jaypee Infratech, Directs Additional ₹1,334 Crore Payment To YEIDA
9 months, 2 weeks ago
Jaypee takeover: NCLAT orders Suraksha to pay ₹1,335 cr as farmer compensation
9 months, 3 weeks ago
Appellate tribunal final orders on Jaypee takeover by Suraksha likely on May 2
10 months, 2 weeks ago
NCLT allows RCap administrator’s plea on implementation of resolution plan
1 year ago
Relief To Home Buyers, NCLAT Upholds Resolution Plan Outlining Provisions For Completion Of 96 Residential Towers By Jaypee Infratech Pending Since 2011
1 year ago
NCLAT directs YEIDA, Suraksha group to settle issues over Jaypee Infratech fast
1 year ago
Good news for homebuyers: Jaypee Infratech Limited takeover plan likely to get UP cabinet's nod soon
1 year, 1 month ago
Apprise Jaypee homebuyers of project completion details, Yeida tells Suraksha
1 year, 5 months ago
Jaypee homebuyers demand flat delivery
1 year, 5 months ago
CESTAT Appeal Abates From The Date Of Approval Of The Resolution Plan By The NCLT: CESTAT
1 year, 10 months ago
NCLAT Delhi Admits YEIDA’s Appeal Against Jaypee Infratech Resolution Plan On Additional Compensation To Farmers
1 year, 10 months ago
Yeida to meet Suraksha Group in a month to iron out farmer compensation issue
1 year, 10 months ago
NCLT approves Suraksha group’s plan to take over Jaypee Infratech
2 years ago
In relief to homebuyers, NCLT clears way for Jaypee projects
2 years ago
NCLT Approves Suraksha's Bid For Jaypee Infra, Relief For Over 20,000 Homebuyers
2 years ago
NCLAT Stays Insolvency Proceedings Against Zee; Final Hearing On March 29
2 years ago
NCLT Hyderabad Initiates Insolvency Process Against The Personal Gauartor Of Deccan Chronicle Holdings
2 years, 8 months ago
Monthly Digest Of IBC Cases: May 2022
2 years, 9 months ago
Supertech insolvency: Here’s how homebuyers can submit claims
2 years, 11 months ago
Supertech goes into insolvency, affecting 25,000 homebuyers
2 years, 11 months ago
NCLAT Chennai Stays Corporate Insolvency Resolution Process Initiated Against Tata Projects Ltd
3 years, 2 months ago
SC orders swift completion of insolvency proceedings of Jaypee Infratech
3 years, 3 months ago
NCLT gives nod to Reliance Infratel resolution plan; lenders may get around Rs 4,400 crore
4 years, 3 months ago
SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani; matter listed for 6 Oct
4 years, 6 months ago
SC Rejects SBI Plea for Resuming Insolvency Proceedings Against Anil Ambani
4 years, 6 months ago
Home Buyers Cannot Invoke Insolvency Proceedings For Recovery Of RERA Award: NCLAT [Read Order]
4 years, 6 months ago
SC Issues Notice In Homebuyers' Appeal Against NCLAT Order Giving Conditional Nod To NBCC Take Over Of Jaypee Infratech Project
4 years, 7 months ago
NCLAT Directs NBCC To Implement Resolution Plan Pending Appeal in Jaypeee Infratech matter
4 years, 10 months ago
NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee
4 years, 10 months ago
Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT
5 years ago
NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats
5 years ago
Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm
5 years, 3 months ago
Jaypee Infratech homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
5 years, 3 months ago
Jaypee Infra lenders to put on vote bids of NBCC, Suraksha simultaneously
5 years, 3 months ago
NCLT Admits RBI's Petition Seeking Initiation Of Corporate Insolvency Resolution Process Against DHFL [Read Order]
5 years, 3 months ago
Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers
5 years, 3 months ago
Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today
5 years, 3 months ago
SC Allows To Complete Corporate Insolvency Resolution Process Of Jaypee Infratech Within 90 days [Read Order]
5 years, 4 months ago
NCLAT Approves Resolution Plan Of Shell Company Despite SEBI's Objections
5 years, 6 months ago

Discover Related