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JAYPEE INFRATECH GRIEVANCES
Jaypee homebuyers’ complaints genuine, Suraksha Group breached resolution plan: PanelAn independent committee examining Jaypee Infratech homebuyers’ grievances has found most allegations of construction delays, poor quality,...- NCLT appoints two-member panel to assess progress of Jaypee Infratech projectsThe National Company Law Tribunal has formed a two-member committee to review construction progress at Jaypee Infratech projects. This acti...
- How this Code is helping homebuyers, Economic Survey explainsThe Economic Survey 2023-24 highlights the pivotal role of the Insolvency and Bankruptcy Code in revitalizing stalled real estate projects ...
- Naredco writes to Yogi, seeks help on land dues issue to save builders from bankruptcy"We wish to submit with great concern that banks and other financial creditors are bringing the developers and their projects into NCLT pro...
- Supreme Court to hear Jaypee group's plea before taking up NBCC proposal on stalled housing projectsThe counsel for NBCC, in pursuance of an earlier order of the apex court, on Thursday submitted a revised plan in a sealed cover. The court...
- Insolvency professional complains to SBI about selection criteria for RPsResolution professionals are practitioners who are registered with the IBBI and are certified to administer companies undergoing bankruptcy...
- SC seeks NBCC response on completing stalled Jaypee group projectsA bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) an...
- SC extends status quo by a week on Jaypee's insolvency resolution processJaypee Infratech went into insolvency in August 2017 after the National Company Law Tribunal (NCLT) admitted an application filed by an IDB...
- SC orders status quo for 2 weeks on Jaypee Group plea against NCLAT orderThe apex court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.
- New amendments to IBC will protect interest of homebuyers: Centre to SCThe counsel representing homebuyers’ expressed concern that Jaypee Infratech Ltd (JIL) going into the liquidation could deliver a blow to t...
- ‘No one’s thinking of the homebuyer’Flats in Wish Town were booked mostly between 2008 and 2009 and should have been ready by 2011-2012. However, the deliveries stopped after ...
- Government working on uniform proposal to address grievances of home buyers: Centre to SCThe Centre has told SC that it is working on a "uniform proposal" to address grievances of homebuyers.
- Jaiprakash Associate Limited deposits Rs 125 crore in SC registrySources said that JAL, which had so far deposited Rs 425 crore with the apex court registry, has deposited the remaining amount of Rs 125 c...
- 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," ...
- SC asks Jaypee to submit details of its ongoing housing projectsIt said the interest of homebuyers was important and the JAL will have to deposit the money in pursuance of its earlier order.
- Homebuyers' plea: SC asks directors of JAL to appear before itThe court had on November 6 refused to allow the company to deposit to Rs 400 crore with its registry as against Rs 2,000 crore as directed...
- Home buyers are main sufferer of real estate industry, neither getting home nor refund: SCThe court's observations came as it heard a plea of thousands of home-buyers in Jaypee Infratech Ltd(JIL) projects seeking the refund of mo...
- 'Government open to amending IBC to address practical difficulties'Operational creditor means a person to whom a company owes an operational debt, which includes those with respect to provision of goods or ...
- Unitech yet to hand over 16,000 flats, Supreme Court denies bail to MDThe stance will have a bearing on home buyers, whose money is stuck with Jaypee and Amrapali and who have been waiting for redressal of the...
- Loans given by banks can’t have lesser priority: IDBIThe stay came on a petition by the builder’s customers who were yet to get possession of their flats and said the insolvency proceedings le...
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