NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee
In its bid, the NBCC had proposed to complete over 20,000 pending flats in housing projects launched by Jaypee Infratech in Noida and Greater Noida (Uttar Pradesh).
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.
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.
Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm
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
Jaypee Infratech homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
Jaypee Infratech's homebuyers association has urged all flat owners and lenders to vote in favour of state-owned NBCC's bid to acquire debt-laden realty firm as the public sector firm has the experience to develop large projects and townships in the national capital region
Jaypee Infratech insolvency: Suraksha Realty hopeful of getting favourable vote of lenders, homebuyers
Mumbai-based Suraksha Realty on Monday expressed confidence that bankers and home buyers will vote in favour of its bid to acquire bankrupt realtor Jaypee Infratech, saying that the company has substantially improved its resolution plan to maximise the value for financial creditors
Jaypee Infratech insolvency: Lenders discuss NBCC, Suraksha Realty bids; to meet again in November last week
Lenders of Jaypee Infratech's on Monday discussed the bids submitted by NBCC Ltd and Suraksha Realty to acquire the debt-ridden firm in an insolvency process, and decided to meet again in November last week to negotiate with the two contenders, sources said
Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today
In 2017, Jaypee Infratech went into insolvency process after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium.
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Amid the political stalemate in Maharashtra with Uddhav Thackeray entering into talks with Maha-agadhi allies – Nationalist Congress Party and Congress – to back Shiv Sena in forming government, the pre-poll alliance between the BJP and Shiv Sena looks precarious despite both parties formally refusing to call it quits.
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
The National Company Law Appellate Tribunal on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days, starting from receipts of the order
Jaypee Infratech promoters to pay creditors entire outstanding amount; says will complete pending projects in 3 years
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
All the 13 banks, which constitute 40.75 percent of CoC, voted against the bid by the state-run firm to acquire Jaypee Infratech.
The NCLAT on Monday directed the National Company Law Tribunal to decide the insolvency plea filed by ICICI Bank against Jaiprakash Associates in six weeks
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
Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal to acquire debt-ridden company
The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that lenders can vote against the NBCC's proposal to acquire debt-ridden Jaypee Infratech and directed for the completion of the ongoing voting process
Jaypee Infratech insolvency: Creditors decide to vote on NBCC bid to acquire debt-laden realty firm from Friday
The voting under the insolvency process, run by Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain, will start from Friday and continue till 10 June, they added.
Lenders of Jaypee Infratech have asked state-owned NBCC to sweeten its bid to acquire the debt-laden realty firm and have demanded that the public sector firm should offer 1,426-acre land instead of 950 acre besides taking onus of getting approvals from income tax and development authorities
Jaypee Infratech insolvency: Adani Group offers Rs 500 cr upfront in fresh bid; creditors to meet on 30 May
Jaypee Infratech's financial creditors, which include bankers and homebuyers, will meet on 30 May to discuss bids by NBCC and Adani Group