In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to takeover the Jaypee Infratech...

In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to take over the JIL, raising ho...

In the meantime, Suraksha ARC Managing Director and Chief Executive Officer Aalok Dave said the company is making preparations internally t...

Around 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infr...

The 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...

Homebuyers’ associations have approached the insolvency resolution professional with their demand to adhere to the timelines without offeri...

The simultaneous voting to bids of both the contenders — NBCC and Mumbai-based Suraksha Realty — started on Dec 10 and ended tonight at 11....

On December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and...

NBCC 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...

P&A Law Offices has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in CoC. "The homebuyers unequivoca...

The primary areas where Suraksha scored over NBCC are fund infusion and debt-asset swaps with lenders. Suraksha has offered to bring in Rs ...

The 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...

The voting process will end on Sunday and the outcome would be declared on May 20.

The tribunal observed the idea is to prevent liquidation and go for resolution, which is the objective of the two-year-old Insolvency and B...

Homebuyers will be a part of the committee of creditors, the panel that will take crucial decisions, including selecting new owners for Jay...

Homebuyers got the right to be part of the Committee of Creditors due to an amendment in the Insolvency and Bankruptcy Code, making them se...

They may be given the right to participate in the insolvency resolution process and be part of the committee of creditors.