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SURAKSHA ASSET RECONSTRUCTION
Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai PoliceMumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore f...- Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, othersMumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property w...
- Adani, Vedanta, Dalmia, JSPL among six bidders for Jaypee AssociatesJaiprakash Associates Ltd. (JAL), facing substantial debt, has received six resolution plans from prominent suitors including Adani Group a...
- Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee HealthcareFortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiar...
- NARCL, Omkara ARC in fray for Wind World debtState-owned National Asset Reconstruction Company (NARCL) and Manish Lalwani-promoted Omkara Assets Reconstruction Company (ARC) are in the...
- Jaypee homebuyers writes to UP CM requesting to approve proposal of out of court settlement for farmers compensationIn March this year, a bankruptcy court had approved Suraksha Asset Reconstruction Co’s (ARC) takeover of the debt-laden property and infras...
- NCLT approves Suraksha plan for Jaypee InfratechIn an oral order, the bench directed Suraksha to form a committee to immediately start construction, monitor the day to day progress of the...
- Jaypee Infra insolvency: Consortium lenders, except ICICI Bank, assign their debt to NARCLJaypee Infratech Ltd (JIL) is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency & ...
- NCLAT sets aside insolvency proceedings against Mack StarA two-member bench held such collusive transactions do not fall within the ambit of the definition of Financial Debt as defined under Secti...
- Supreme Court asks Unitech Group and Suraksha ARC to sit and resolve dispute over claims"We are not satisfied with the way the dispute over Suraksha ARC claims is not being resolved. Management of the ARC should be cautious tha...
- Jaypee Infratech insolvency case: Manoj Gaur's offer a futile exercise, say lendersMoreover, home buyers who constitute a majority of the debt are unlikely to support a bid from the very builder which delayed the construct...
- NCLT dismisses plea to conclude HDIL Mumbai project’s transferHDIL had executed an agreement to transfer the project, HDIL Majestic Tower, in Mumbai’s Nahur suburb before the initiation of Corporate In...
- Adani group, Suraksha, Sunteck Realty submit EOI to acquire debt-laden HDILHDIL is under corporate insolvency resolution process (CIRP) pursuant to the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
- Jaypee infra lenders seek clarity from NBCC on acquisition bidState-run NBCC and Suraksha Asset Reconstruction Company have bid and are in race to acquire Jaypee Infratech under the Insolvency Resoluti...
- Jaypee Infra promoter Jaiprakash Associates makes second attempt to settle lenders’ duesIn May, the promoters had made a similar Rs 10,000 offer for debt repayment and completion of unfinished housing projects.
- CoC may hold more meets with 2 Jaypee Infra biddersIn a meeting on Monday, the lenders discussed the bids received from NBCC and Suraksha Asset Reconstruction Company.
- NBCC leads race for Jaypee InfratechBidders will make detailed presentations before Jaypee’s financial creditors, including homebuyers, on Monday.
- ARCs, foreign funds eye Reid & TaylorReid & Taylor, owned by Kasliwals is facing bankruptcy proceedings after it defaulted on loans.
- Jaypee Infratech lenders may reject Lakshadweep’s offerThe consortium of lenders had appointed two independent valuers — Mitcon Consultancy & Engineering Services and Agarwal Associates — in 201...
- Will Gujarat NRE go down the drain under Bankruptcy Code?Gujarat NRE Coke received expressions of interest from 4 entities, including Suraksha Asset Reconstruction Company, but none translated int...
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