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.
Narendra Modi to visit Uttar Pradesh today; PM will launch 10,000 FPOs, lay foundation stone for Bundelkhand Expressway in Chitrakoot
Prime Minister Narendra Modi will launch 10,000 Farmers Producer Organisations (FPOs) all over the country in Chitrakoot, Uttar Pradesh in Chitrakoot on Saturday.
Delhi-based businessman, wife and daughter found dead inside car at Mathura; 'suicide note' recovered, probe underway
The businessman's minor son was found critically injured inside the car and has been hospitalised, the police said.
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 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.
29 killed as bus falls into drain on Yamuna Expressway, rescue operations underway; Yogi Adityanath orders inquiry on cause of accident
An Uttar Pradesh roadways bus fell into a drain on Yamuna Expressway, resulting in the loss of lives of 29 people and leaving several others injured on Monday morning
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.
At present, bankers and NBCC are negotiating on the latter's bid to acquire Jaypee Infratech.
Jaypee Infratech went into insolvency process in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the realty firm
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 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.
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.
According to sources, NBCC has offered to pay Rs 500 crore upfront to lenders and would invest about Rs 2,000-2,500 crore as funding gap to complete delayed housing projects of Jaypee Infratech.
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.
Realty firm Gaurs Group on Monday said it will invest Rs 350 crore to develop a new mixed-use project in its 250-acre township along Yamuna Expressway in Uttar Pradesh
Another 20 people on board the bus were injured and rushed to a private hospital for treatment,
Jaypee Infratech lenders aks NBCC, Suraksha Group to sweeten bids for acquiring bankruptcy-bound realty firm
NBCC, which has the backing of the government to takeover Jaypee Infratech, is unlikely to increase the offer of Rs 500 crore capital infusion
7 killed near Mathura after ambulance ferrying body hits divider, rams into car on Yamuna Expressway
The speeding ambulance was going towards Agra from Noida ferrying a corpse in it. The injured were rushed to a nearby hospital. Further details are awaited
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.