NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats
NBCC's proposal was approved by the lenders in the third round of bidding process to find a buyer for Jaypee Infratech.
Lenders of debt-ridden Jaypee Infratech will meet on 18 November to take forward the process of insolvency resolution after the Supreme Court directed early this month to complete the process within 90 days
Govt likely to waive Jaypee Group's Rs 33,000 cr tax claims; move to address concerns of thousands of stuck homebuyers
The Prime Minister’s Office (PMO) and Finance Ministry have given their final nod for state-run NBCC backed resolution for Jaypee homebuyers
Jaypee Infratech homebuyers protest in Delhi, urge govt to direct IDBI Bank to vote in favour of NBCC's bid
The homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan
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 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.
Jaypee flat possession delay: Buyers demand suspension of EMIs, stage protest in Noida against management
Over one thousand other homebuyers attended the meeting called by Jaypee group to address the homebuyers' concern and discuss its proposal to resolve this crisis
Kotak Investment, L&T Infrastructure, NBCC among five firms show interest in taking over bankrupt Jaypee Infratech
Jaypee Infratech's IRP Anuj Jain had in October initiated a fresh initiative to revive Jaypee Infratech on NCLT's direction after lenders rejected over Rs 7,000 crore bid of Suraksha group.
Jaypee Infratech, which is facing insolvency proceedings, on Monday said that the company's independent director Sham Lal Mohan has resigned citing personal reasons
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 September
If NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
Hard-earned money of over lakhs of home buyers in Delhi-NCR are stuck because of defaults by developers including Jaypee group, Amrapali, Unitech and The 3C Company in deliveries of their projects on time.
Jaiprakash Associates, Jaypee Infra shares drop after SC asks NCLT to deal with insolvency proceedings against group
In a setback to the Jaypee group, the Supreme Court on Thursday asked the NCLT, Allahabad, to deal with insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process