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HOMEBUYERS VOTING RIGHTS
RBI's inflation forecast signals 1-2 rate hikes in coming months: ExpertsExperts anticipate one to two rate hikes in the coming months following the RBI's increased inflation forecast, despite keeping the policy ...- Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
- NCLT rejects promoter’s resolution plan in Wadhwa Buildcon insolvency matterThe National Company Law Tribunal (NCLT) declared the resolution plan by Wadhwa Buildcon LLP's promoters invalid, citing conduct issues by ...
- NCLT reserves order on Suraksha's bid to acquire Jaypee Infratech, complete 20k flatsIn June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to takeover the Jaypee Infratech...
- Jaypee Infratech insolvency: NCLT to hear Suraksha group resolution plan on March 7, 9In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to take over the JIL, raising ho...
- Suraksha group expects NCLT nod by March to acquire Jaypee Infra; gearing up to start constructionIn the meantime, Suraksha ARC Managing Director and Chief Executive Officer Aalok Dave said the company is making preparations internally t...
- Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidationAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infr...
- Jaypee Infra creditors to seek voting on extension to file revised resolution plansThe proposed voting later this week will also seek to set a tie-break formula for voting and ratify today’s CoC (Monday, May 24) meeting th...
- Jaypee Infra homebuyers concerned over extension-led delay in resolutionHomebuyers’ associations have approached the insolvency resolution professional with their demand to adhere to the timelines without offeri...
- Majority of homebuyers, some lenders vote in favour of NBCC bid to acquire Jaypee InfraThe simultaneous voting to bids of both the contenders — NBCC and Mumbai-based Suraksha Realty — started on Dec 10 and ended tonight at 11....
- Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency processOn December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and...
- Jaypee Infra insolvency: NBCC, Suraksha Realty place final bidsNBCC has advanced the completion date to 42 months from 48 earlier and has also increased the land offered to lenders by 100 acres to 1,526...
- Jaypee Infra insolvency: Homebuyers seek further negotiation on NBCC's revised bidP&A Law Offices has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in CoC. "The homebuyers unequivoca...
- Suraksha’s Jaypee bid gets higher score than NBCC’s, over to votersThe primary areas where Suraksha scored over NBCC are fund infusion and debt-asset swaps with lenders. Suraksha has offered to bring in Rs ...
- Jaypee Infratech creditors meet to take stock of insolvency processThe NCLAT had clarified on June 10 that it did not bar lenders from voting against state-owned NBCC's resolution plan. It also directed Jay...
- Jaypee Infra insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC's bidThe voting process will end on Sunday and the outcome would be declared on May 20.
- NCLT order may offer lifeline for homebuyersThe tribunal observed the idea is to prevent liquidation and go for resolution, which is the objective of the two-year-old Insolvency and B...
- Jaypee Infra homebuyers get 62% say in all decisionsHomebuyers will be a part of the committee of creditors, the panel that will take crucial decisions, including selecting new owners for Jay...
- Road ahead for Jaypee homebuyers as insolvency proceedings beginHomebuyers got the right to be part of the Committee of Creditors due to an amendment in the Insolvency and Bankruptcy Code, making them se...
- Homebuyers may get a say in insolvency proceedings for real estate companiesThey may be given the right to participate in the insolvency resolution process and be part of the committee of creditors.
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