Resolution Plan

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.

NBCC decides not to dilute conditions in revised offer for Jaypee Infratech; lenders flag serious concerns about conditional bid

The NBCC's revised bid to acquire Jaypee Infratech and complete the work of over 20,000 flats would be discussed on 14 May by CoC

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.

NCLAT likely to direct ArcelorMittal to deposit Rs 42,000-cr bid amount for acquiring Essar Steel

The bench also asked ArcelorMittal to file an affidavit before it, detailing the steps to be taken for implementation of the resolution plan of debt-ridden Essar Steel.

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks

With a smaller operating fleet, Jet Airways has given pilots and cabin crew the option of flexible working days and taking extended leave with or without pay.

DGCA approves Jet Airways' summer schedule only till 25 April; other carriers get nod till 26 October

A major crisis at the struggling Jet Airways was averted Sunday after its pilots' body, National Aviator's Guild, deferred till 15 April its call for halting operations.

Jet Airways crisis: SBI-led consortium draws out fresh plan to revive debt-laden airline; Etihad not keen to invest more

Etihad, Jet Airways' previous strategic partner, is not keen to invest more and hike its stake in the cash-strapped airline, said the report.

Jet Airways delays ECB repayment amid liquidity crunch, defaults debt payback fourth time in recent months

As part of the resolution plan, on Monday, Naresh Goyal quit as chairman of Jet Airways and the board also approved lenders taking control as well as immediate fund infusion of Rs 1,500 crore.

Jet Airways likely to name former SBI chief Arun Kumar Purwar as chairman; lenders' consortium to have two nominees on board

Shares of Jet Airways continued their upward journey on Wednesday and closed over 3 percent higher after Jet Airways set an 'ambitious' target of flying 40 additional aircraft by the end of April.

Jet Airways staff wants representation in new management committee, writes to SBI chief

All India Jet Airways Officers and Staff Association said the airline management has not been addressing many issues that employees have been facing