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Articles for Jaypee Infra

NCLT Approves Suraksha's Bid For Jaypee Infra, Relief For Over 20,000 Homebuyers
2 years ago

NCLT Approves Suraksha's Bid For Jaypee Infra, Relief For Over 20,000 Homebuyers

ABP News  

The National Company Law Tribunal on Tuesday approved the Mumbai-based Suraksha group's bid to acquire Jaypee Infratech, a development that comes as a relief for more than 20,000 homebuyers nearly six years after the debt-ridden company entered into the insolvency process, the PTI reported. According to the report, the ruling, which also comes nearly two years after the Committee of …

Resolution Homebuyers Nclt Bid Nbcc Coc Cirp
Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer
5 years, 3 months ago

Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer

Firstpost  

Jaypee Infratech’s financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources. Shares of Jaypee Infratech on Wednesday zoomed over 9 percent after its Committee of Creditors approved NBCC’s bid to acquire the company under insolvency process. Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went …

Insolvency Resolution Homebuyers Process Realty Bid Lenders
Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm
5 years, 3 months ago

Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm

Firstpost  

Jaypee Infratech’s financial creditors, including lenders and home buyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under the insolvency process, according to sources New Delhi: Jaypee Infratech’s financial creditors, including lenders and homebuyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources. #CNBCTV18Exclusive | …

Insolvency Resolution Homebuyers Process Realty Buyers Bid
Jaypee Infra lenders to put on vote bids of NBCC, Suraksha simultaneously
5 years, 3 months ago

Jaypee Infra lenders to put on vote bids of NBCC, Suraksha simultaneously

India TV News  

Lenders of Jaypee Infratech on Saturday decided to put on vote simultaneously the bids of state-owned NBCC Ltd and Suraksha Realty to acquire the bankrupt realty firm, sources said. Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the National Company Law Tribunal admitted an application by an IDBI Bank-led consortium. On November …

Realty Vote Bid Lenders Nbcc Infra Jaypee Infratech
Will pay creditors entire amount; complete due projects in 3 yrs: Jaypee Infra
5 years, 8 months ago

Will pay creditors entire amount; complete due projects in 3 yrs: Jaypee Infra

Live Mint  

Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three years. The National Company Law Appellate Tribunal reserved its order over exclusion of litigation period from the ongoing Corporate Insolvency Resolution Process of Jaypee Infratech. Lenders are requesting to exclude the …

Nclat Irp Jaypee Infratech Jaypee Infra
Jaypee Infra insolvency: NBCC offers Rs 20 cr to operational creditors; panel to discuss revised offer on Thursday
5 years, 10 months ago

Jaypee Infra insolvency: NBCC offers Rs 20 cr to operational creditors; panel to discuss revised offer on Thursday

Firstpost  

Meanwhile, Adani group has shown interest in making bid for Jaypee Infratech, while Jaypee group too has submitted bid for regaining control of its realty firm. New Delhi: Seeking multiple concessions for acquiring bankrupt realty firm Jaypee Infratech, state-owned NBCC has offered to pay Rs 20 crore against over Rs 9,712-crore dues of operational creditors, including the Income-Tax Department and …

Operational Crore Group Bid Offer Nbcc Creditors
JP Associates-JSW keen to complete Jaypee Infra's real estate projects under insolvency resolution plan
7 years, 4 months ago

JP Associates-JSW keen to complete Jaypee Infra's real estate projects under insolvency resolution plan

Firstpost  

Jaypee Infra is developing more than 30,000 flats in Noida, most of which are incomplete. New Delhi: Debt-ridden Jaiprakash Associates said on Monday that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd, part of the Jaypee group, also said that the Jaypee …

Resolution Resolution Plan Irp Jal Jsw Jaypee Infratech Jil
Supreme Court Lifts Stay On Jaypee Infratech's Insolvency – Boon Or Bane?
7 years, 6 months ago

Supreme Court Lifts Stay On Jaypee Infratech's Insolvency – Boon Or Bane?

Live Law  

The judgment passed by the National Company Law Tribunal, Allahabad in the matter of IDBI Bank Limited v. Jaypee Infratech Limited CP NO. The said SC Stay Order has been vacated by the Hon'ble Supreme Court vide order dated 11th September, 2017 subsequent to an interlocutory application having been filed by IDBI Bank Limited. The reasons accorded for the same …

Supreme Court Court Management Homebuyers Order Supreme Code
Jaypee Infra: SC asks JP Associates to deposit Rs 2,000 cr to protect home buyers, says IDBI can't be selfish
7 years, 6 months ago

Jaypee Infra: SC asks JP Associates to deposit Rs 2,000 cr to protect home buyers, says IDBI can't be selfish

Firstpost  

The bench also restrained the managing director and all the directors of both the companies from leaving the country The Supreme Court moved on Monday to protect buyers of homes sold by builder Jaypee Infratech, which is being pursued in a bankruptcy court over unpaid loans, telling its parent Jaiprakash Associates to deposit Rs 2,000 crore with it by 27 …

Court Home Buyers Buyers Jaypee Infratech Jaypee Deposit Rs Jaypee Infra
Jaypee insolvency row: SC directs Jaypee Associates to deposit Rs 2,000 cr by October 27; asks IRP to submit resolution plan within 45 days
7 years, 6 months ago

Jaypee insolvency row: SC directs Jaypee Associates to deposit Rs 2,000 cr by October 27; asks IRP to submit resolution plan within 45 days

India TV News  

The Supreme Court today told the directors of Jaypee Associates, the holding company of embattled Jaypee Infratech, to deposit an amount of Rs 2,000 crore with its registry by October 27 and asked the interim resolution professional, a body formed by the National Company Law Tribunal, to take over the management of Jaypee Infratech. The top court had on September …

Insolvency Nclt Buyers Irp Jaypee Infratech Jaypee Jaypee Infra