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Jaypee Group News

Supreme Court asks NCLT to deal with insolvency proceedings against Jaypee Infratech
Business

Supreme Court asks NCLT to deal with insolvency proceedings against Jaypee Infratech

SC allowed the RBI to direct the banks to initiate separate insolvency proceedings against Jaypee Infratech's holding company Jaiprakash Associate Limited

Jaiprakash Power Q1 turnaround: Net profit of Rs 4 cr against loss of about Rs 19 crore in year ago period
Business

Jaiprakash Power Q1 turnaround: Net profit of Rs 4 cr against loss of about Rs 19 crore in year ago period

Jaiprakash Power said it has not been able to service the lenders' dues regularly due to unsatisfactory operations

Jaiprakash Associates will submit a plan in Supreme Court to protect home buyers' interests
Business

Jaiprakash Associates will submit a plan in Supreme Court to protect home buyers' interests

Home buyers of Jaypee Infratech, debt-ridden subsidiary of Jaiprakash Associates, had moved the Supreme Court seeking relief in view of significant delays in completion of housing projects

Jaypee group's home buyers divided on promoter takeover bid for bankrupt Jaypee Infratech
Business

Jaypee group's home buyers divided on promoter takeover bid for bankrupt Jaypee Infratech

The Jaypee promoter submitted a bid of over Rs 10,000 crore to revive Jaypee Infratech.

Jaypee group deposits Rs 100 crore with Supreme Court's Registry in case related to delay in delivery of flats
Business

Jaypee group deposits Rs 100 crore with Supreme Court's Registry in case related to delay in delivery of flats

Jaiprakash Associates has deposited Rs 100 crore in Supreme Court's Registry as per the court's directions in a case related to delay in delivery of flats

Jaypee Infratech debt case: RBI files plea in SC to start insolvency proceedings against JP Associates
Business

Jaypee Infratech debt case: RBI files plea in SC to start insolvency proceedings against JP Associates

Jaypee Infratech which is a subsidiary company of JP Associates has been asked to deposit Rs 2,000 crore with the registry of the apex court

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

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

Jaypee Infra is developing more than 30,000 flats in Noida, most of which are incomplete. Home buyers have been protesting against significant delays in completion of the projects.

Jaypee Group seeks to hive off Yamuna Expressway to deposit Rs 2,000 cr; SC refuses, gives time till 5 Nov
Business

Jaypee Group seeks to hive off Yamuna Expressway to deposit Rs 2,000 cr; SC refuses, gives time till 5 Nov

Jaiprakash Associates Ltd (JAL) had approached the apex court seeking to hive-off the rights of Yamuna Expressway and modification or recall of 11 September order relating to deposit of Rs 2000 crore.

Bringing Indian Grand Prix back: Here are the changes Formula One needs to make to revive event
Sports

Bringing Indian Grand Prix back: Here are the changes Formula One needs to make to revive event

In the recent past, Asia has been one of the biggest market failures for Formula One to capture with exits in India, Korea and Malaysia (in 2018).

Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the fray
Business

Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the fray

Real estate companies should be treated as an exemption on Section 53 of the bankruptcy code and home-buyers should be given some higher priority in repayments

SBI favours equal treatment of lenders, home buyers in projects
Business

SBI favours equal treatment of lenders, home buyers in projects

SBI's Managing Director (National Banking Group) Rajnish Kumar said that home buyers and lenders should bear losses at pari-passu if there are any losses in projects

Jaypee Infratech's home buyers stage protest in Noida after company files petition for insolvency
Business

Jaypee Infratech's home buyers stage protest in Noida after company files petition for insolvency

As hundreds of angry home buyers of Jaypee Wish Town staged a protest here, the Noida Authority on Saturday promised to protect the interests of the flat owners, saying a plan is being worked out in this regard

CK Birla group firm Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr
Business

CK Birla group firm Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr

Orient Cement Ltd (OCL) has signed "definitive agreement" with the Jaypee group firms for all cash deals

Bank loan stress: 50 corporate loan accounts under close govt watch, says report
Business

Bank loan stress: 50 corporate loan accounts under close govt watch, says report

The bank loans under scanner include those that have become NPAs and also those restructured as of December 2016

Yamuna development authority scraps 17 realty projects; Jaypee group, other builders feel the heat
Business

Yamuna development authority scraps 17 realty projects; Jaypee group, other builders feel the heat

These developers had submitted their maps in 2015-16, but the authority raised objections in the maps submitted by them

Formula One: No race in three years but Buddh Circuit won't be sold, insist debt-ridden Jaypee Group
Sports

Formula One: No race in three years but Buddh Circuit won't be sold, insist debt-ridden Jaypee Group

Getting Formula 1 back to the Buddh International Circuit (BIC) is not on the priority list for the Jaypee Group but it has no plans to sell either.

Jaypee raises cement business value, Birla's UltraTech to now pay Rs 16,189 cr
Business

Jaypee raises cement business value, Birla's UltraTech to now pay Rs 16,189 cr

Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm Ultratech to Rs 16,189 crore.

Debt-ridden Jaypee group defaults on Rs 4,460 cr worth of loans, payments
Business

Debt-ridden Jaypee group defaults on Rs 4,460 cr worth of loans, payments

The group has on a consolidated basis failed to repay Rs 2,905.6 crore in principal amount to banks and another Rs 1,558.93 crore in interest payments

Jaypee Group sells part of cement biz to UltraTech for Rs 15,900 cr
Politics

Jaypee Group sells part of cement biz to UltraTech for Rs 15,900 cr

Size of the deal announced last month has been reduced from Rs 16,500 crore as Jaiprakash Associates decided not to sell its cement plant in Karnataka

Third time lucky? Jaypee Group inks pact to sell three power plants to JSW Energy
Economy

Third time lucky? Jaypee Group inks pact to sell three power plants to JSW Energy

JPVL and Reliance Power had earlier been in talks for two months before calling off the deal.<br />