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JAYPEE INFRA RESOLUTION
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...
NARCL offers ₹550 crore for Jaypee Cement & Reliance Infra assetsFor the Salem-Ulundurpet toll road, NARCL has offered ₹280 crore against total debt of about ₹600 crore. The bid for Jaypee Cement stands a...
Jaypee Infratech Delisting: Suraksha Realty to pay exit price to retail shareholders, sets June 21 as record dateThe successful resolution applicant of Jaypee Infratech will pay on a par with the liquidation value of the company to its shareholders hol...
Creditors decide to put NBCC, Suraksha's Jaypee Infra bids to vote from MondayJaypee Infratech’s creditors have accepted the resolution plans of NBCC and the Suraksha Group for the bankrupt developer and decided to pu...
Jaypee Infra IRP files application before Supreme Court seeking extension of insolvency processIn March 2020, NBCC had got approval from the NCLT to acquire JIL.
JSW Infra lends support to Suraksha Realty in turnaround of Jaypee InfratechJSW Infra said it has issued a letter of support to Suraksha Realty to give financial, strategic and technical assistance in the delivery o...
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.
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...
Jaypee Infra lenders, home buyers vote against Suraksha Realty’s bidUnder the IBC, a resolution process has to be completed within 180 days with a further extension of 90 days to 270 days.
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 promoters submit over Rs 10,000 crore revival plan for Jaypee InfratechLakshadweep, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, had made a Rs 7,...
Jaypee Infra revival plan will take consumer interest into account: IRPHome buyers in their letter had also sought possession of their flats by December 2018 and compensation for the delay at 18% per year.
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.
JP Associates-JSW keen on resolution of Jaypee InfraJaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities a...
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 names resolution professional in Jaypee Infra caseNCLT bench has pronounced the operative portion only, saying "the order in detail is recorded separately".
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...