Jaypee Infratech
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Jaypee Case: SC transfers all pending appeals in NCLAT against NBCC to itself
India | Aug 07, 2020, 08:48 AM ISTThe Supreme Court Thursday transferred to itself the appeals pending before the National Company Law Appellate Tribunal (NCLAT) against the NBCC plan to acquire debt-ridden Jaypee Infratech and construct over 20,000 pending flats.
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Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT
Business | Mar 06, 2020, 04:37 PM ISTThe Rs 750-crore deposited by Jaypee Infratech Ltd's (JIL) parent firm Jaiprakash Associates with the Supreme Court registry was a payment towards obligation of the debt-ridden firm and should be treated as the asset of the corporate debtor, the NCLT has observed while approving the bid of NBCC for JIL.
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Jaypee Infra lenders to put on vote bids of NBCC, Suraksha simultaneously
Business | Dec 07, 2019, 05:53 PM ISTLenders were divided over which bid is the highest. As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC. Buyers have nearly 60 per cent votes. For a bid to be approved, 66 per cent votes are required.
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Jaypee Infra insolvency: Lenders discuss NBCC, Suraksha bids; to meet again in November last week
Business | Nov 18, 2019, 05:46 PM ISTA meeting of Committee of Creditors (CoC) was held on Monday in Gurugram, Haryana to discuss NBCC and Suraksha Realty's resolution plans that were submitted on Sunday.
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NBCC may revise bid for Jaypee Infra, likely to keep Rs 1,750 crore worth unsold flats
Business | Nov 16, 2019, 07:17 PM ISTState-owned NBCC Ltd is likely to take the responsibility of selling Rs 1,750-crore worth of unsold flats of Jaypee Infratech instead of offering them to lenders in its fresh bid to acquire the debt-laden realty firm through insolvency process, sources said. This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year.
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Jaypee Infratech homebuyers protest at Jantar Mantar, seek govt intervention
India | Jun 23, 2019, 09:00 PM ISTHomebuyers of Jaypee Infratech on Sunday urged the government to direct IDBI Bank to vote in favour of state-run NBCC's bid for the acquisition of the debt-ridden firm and prevent it from going through liquidation process.
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Hope for 20,000 home buyers in Noida: Adani, NBCC likely to bid for Jaypee Infratech
Business | Apr 25, 2019, 06:41 PM ISTMeanwhile, business conglomerate Adani Group had also expressed interest to bid for Jaypee Infratech. However, lenders are unlikely to seek Adani's offer until this round of insolvency proceedings gets completed.
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Jaypee insolvency row: SC raps JAL for failure to deposit Rs 2,000 cr, seeks asset details of company directors
Real Estate | Nov 13, 2017, 04:25 PM ISTThe top court also set up an amicus curiae in the ongoing case and asked directors of JAL to personally appear before it on Nov 22.
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In huge reprieve, Centre set to grant ‘primary secured creditors’ status to home buyers
Real Estate | Nov 02, 2017, 12:21 PM ISTLast on the list of claimants under existing norms, home buyers have little hope of recovering their hard-earned money from errant builders.
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Jaypee insolvency row: SC directs Jaypee Associates to deposit Rs 2,000 cr by October 27
Sep 11, 2017, 02:32 PM ISTThe Supreme Court had earlier ordered a stay on initiation of bankruptcy proceedings against Jaypee Infratech
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IDBI Bank moves SC against stay on insolvency proceedings against Jaypee Infratech
Sep 05, 2017, 01:05 PM ISTThe Supreme Court on Tuesday agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11
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After Jaypee, three Amrapali companies may face insolvency proceedings
Aug 22, 2017, 05:51 PM ISTInsolvency proceedings are likely to be initiated against three Amrapali group companies – Noida's Silicon City and Greater Noida-based Ultra Home Construction and Amrapali Infrastructure - on the plea of Bank of Baroda.
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Jaypee insolvency: Govt’s sympathy with flat buyers, those who paid should get their homes, says FM
Aug 16, 2017, 06:56 PM ISTJaitley pointed out that there are provisions under the Insolvency and Bankruptcy Code that aggrieved home buyers can apply for remedy
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NCLT admits IDBI bank’s plea to initiate insolvency proceedings against Jaypee Infratech
Aug 10, 2017, 02:16 PM ISTJaypee Infratech is one of the 12 companies referred to the NCLT for insolvency proceedings by banks following the Reserve Bank of India's June 13 directive
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Toll on Yamuna Expressway hiked
India | Apr 02, 2015, 07:42 AM ISTGreater Noida: In second hike in three months, toll rates on Yamuna Expressway was today raised by Rs 10 to Rs 30.Jaypee Infratech, which operates the toll, raised toll rate for two- and three-wheelers from