After a six-year long court battle, Mumbai-based Suraksha Group on Tuesday took over debt-ridden Jaypee Infratech Limited and its office-bearers assured homebuyers that the work will soon restart at project sites. We will soon prepare a road map to revive construction at the site and start delivery of apartments,” said Aalok Dave, managing director and chief executive officer, Suraksha Group. …
Spelling major relief to at least 20,000 homebuyers who have been waiting for over a decade to get their homes, all issues holding up the takeover of Jaypee Infratech Limited by Mumbai-based Suraksha Group have been resolved and construction work is set to resume on Jaypee’s stuck housing projects, Yamuna Expressway Industrial Development Authority officials said on Friday. JIL’s day-to-day …
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 …
