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JAYPEE INFRA INSOLVENCY
Dalmia Bharat seals Rs 2,850 crore deal for JAL cement assets after Adani insolvency takeoverDalmia Cement has acquired key cement assets from Jaiprakash Associates for ₹2,850 crore. This deal, facilitated by the Adani Group's insol...- Jaypee Infra insolvency: Suraksha group submits bid just before lenders meet on MondayNBCC, however, submitted its resolution plan. According to sources, Suraksha group has submitted its resolution plan just before the meetin...
- 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...
- Jaypee Infra insolvency: NCLAT permits fresh bids, extends resolution period for 90 daysTo enable the fresh bidding process, the NCLAT extended the resolution period of Jaypee Infratech for another 90 days.
- Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bidNBCC was unlikely to dilute certain conditions but was open to negotiating on the offer related to unsold flats.
- 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...
- Supreme Court to decide on round 2 for saving Jaypee InfraIDBI bank had moved the Corporate Insolvency Resolution application before the NCLT against the debt-ridden realty firm, JIL, after it alle...
- 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...
- Jaypee Infra hits upper circuit on revival planThe revival offer is part of plans to pull Jaypee Infratech out of the bankruptcy knot.
- Jaypee Infratech hits lower circuit; here’s whyJaypee Infra, the operator of Taj Expressway, has to deliver nearly 25,000 apartments in Noida.
- 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.
- Tata Housing, Lodha Group keen to buy Jaypee's Yamuna ExpresswayThe property’s richest attraction is its extensive land bank, with facilities either proposed or already functioning in the immediate vicin...
- Adani, Hindujas join race for Jaypee InfraJSW had earlier submitted a joint proposal with Jaiprakash Associates and was in talks to acquire around 30% stake.
- 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.
- SC asks JP Associates to deposit Rs 2,000 crore; shares tumbleThe apex court allowed Jaypee associates to raise Rs 2,000 crore by selling land or any properties with the prior approval of the IRP.
- 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...
- NCLT must treat homebuyers at par with banks: AssochamThe matter, which is of large public interest, could have "cascading effect" on the entire real estate business and market sentiment, if no...
- Bankers review progress of 12 large NPA accounts under IBCThe Internal Advisory Committee (IAC) of the Central bank had on June 13 directed the banks to refer 12 non-performing accounts to the Nati...
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