Jaypee Group

NCLAT annuls lenders' voting on state-owned NBCC's bid to acquire debt-laden Jaypee Infratech

Homebuyers and lenders of Jaypee Infratech on Thursday started voting on NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats.

Jaypee Infratech insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC's bid; result to be out on 20 May

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech, a subsidiary of Jaiprakash Associates Ltd (JAL).

Jaypee Infratech creditors decide to put on vote NBCC's revised bid; homebuyers likely to favour state-run firm

On Friday, lenders had written to NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

Jaypee Infratech's IRP finds NBCC bid conditional, non-binding; creditors' panel meets on Thursday to discuss revised offer

The court-mandated deadline for completing the resolution plan for Japyee Infratech ended on 6 May and the CoC has sought an extension of the deadline.

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

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.

Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms

Financial creditors and homebuyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty, the lone player left in the race to acquire the company and complete over 20,000 flats.

After govt nod, NBCC asks Jaypee Infratech RP to reconsider bid; lenders, home buyers vote on sole bid by Suraksha Realty

Financial creditors and home buyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty,

NBCC wants lenders to consider its bid on merit to acquire bankrupt Jaypee Infratech

NBCC said it entered into the insolvency proceedings of Jaypee Infratech to provide relief to over 20,000 home buyers.

Jaypee Infratech insolvency: Lenders to meet on 26, 30 April to consider revised bids of NBCC, Suraksha Realty

In October 2018, the IRP started a fresh initiative to revive Jaypee Infratech on the NCLT's direction. The realty firm has an outstanding debt of nearly Rs 9,800 crore.

NBCC submits revised bid for debt-ridden Jaypee Infratech; to complete over 20,000 delayed apartments in Noida

In April 2018, Jaypee Group had also submitted a Rs 10,000 crore plan before lenders to revive Jaypee Infratech, but the same was not accepted.