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JAYPEE INFRA CASE
Jaypee Infratech Delisting: Suraksha Realty to pay exit price to retail shareholders, sets June 21 as record dateThe successful resolution applicant of Jaypee Infratech will pay on a par with the liquidation value of the company to its shareholders hol...
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyersSuraksha Realty may offer more cash & land to lenders and higher penalty to homebuyers to acquire Jaypee.
Home buyers get backing of governmentA new proposal on NBCC’s resolution plan is currently under voting, and with banks unlikely to back it in its present form, the move is exp...
Time for Insolvency of airlines : Jet Airways a lesson!Regulators like DGCA and Ministry of Consumer affairs must take seat in COC and decide future for resolution.
NCLAT directs Jaypee Infratech resolution professional to submit status reportA two-member bench of the appellate tribunal, headed by Mukhopadhaya, has asked the RP to list out the stage of the corporate insolvency re...
Lakshdeep Investments-led group open to renegotiating Jaypee Infra bidThe consortium filed an intervening application in an ongoing case in the Supreme Court seeking to extend the deadline for insolvency proce...
Fraud charge on Jaypee Infra in insolvency courtThe move took place at a time when banks had started classifying Jaypee Infratech as a “non-performing asset” due to loan defaults.
Financial bids for all 12 large NPA accounts by month-end: SBI"Financial bids of Electrosteel and Monnet Ispat have already come. We hope to receive bids for remaining cases during this month itself," ...
Lens on creditor, customer & lender deals in insolvent companiesThere are widespread concerns that some of the past transactions could be fraudulent, and that the authenticity of claims by creditors may ...
Jaypee Infra revival plan will take consumer interest into account: IRPHome buyers in their letter had also sought possession of their flats by December 2018 and compensation for the delay at 18% per year.
Top 5 steel companies in bankruptcy process face Rs 2.09 lakh crore claimsClaims from nine companies referred to IBC that have so far made the information public have crossed Rs 3.25 lakh crore, data show.
Jaypee flat buyers seek investigation of assets; shares plunge up to 7%A group of 400 flat buyers of Jaypee Group moved SC seeking protection under Consumer Law.
Insolvency cases may hit home financiersIn the present form, the IBC does not recognise the buyer of an under-construction housing unit of a company going into bankruptcy as a sec...
NBCC to rescue 30,000 Jaypee homebuyers?The Jaypee case is being seen as an acid test for the new insolvency law. Homebuyers face an uphill task of seeking their claims in the ins...
Supreme Court adjourns hearing in Jaypee Infra case to September 4Supreme Court has asked around 300 homebuyers to file the consolidated petition and to avoid the multiplication of cases.
NCLT names resolution professional in Jaypee Infra caseNCLT bench has pronounced the operative portion only, saying "the order in detail is recorded separately".
Bankers to meet from Monday to decide on large defaultersThe first set of six troubled accounts are Bhushan Steel, Essar Steel, Bhusan Power and Steel, Alok Industries, Amtek Auto and Monnet Ispat...
Jaypee Infra seeks loan at 16-17% amid financial woesGiven the financial woes of the group, lenders are charging almost twice the rate that a retail home loan borrower would pay , said a banke...
Reliance Power in talks with Temasek Holdings and PSP Investments to fund Jaypee Group dealOther than Temasek, Reliance is also in discussions with Canadian pension fund giant PSP Investments and homegrown PE firm IDFC Alternative...
- Market ended up sufficiently: Satish Betadpur
Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC, , in an interview to ET NOW said that in...