Jaypee Infratech’s creditors have accepted the resolution plans of NBCC and the Suraksha Group for the bankrupt developer and decided to pu...

In March 2020, NBCC had got approval from the NCLT to acquire JIL.

JSW Infra said it has issued a letter of support to Suraksha Realty to give financial, strategic and technical assistance in the delivery o...

To enable the fresh bidding process, the NCLAT extended the resolution period of Jaypee Infratech for another 90 days.

A 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...

Under the IBC, a resolution process has to be completed within 180 days with a further extension of 90 days to 270 days.

IDBI bank had moved the Corporate Insolvency Resolution application before the NCLT against the debt-ridden realty firm, JIL, after it alle...

A two-member bench of the appellate tribunal, headed by Mukhopadhaya, has asked the RP to list out the stage of the corporate insolvency re...

The consortium filed an intervening application in an ongoing case in the Supreme Court seeking to extend the deadline for insolvency proce...

Lakshadweep, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, had made a Rs 7,...

Home buyers in their letter had also sought possession of their flats by December 2018 and compensation for the delay at 18% per year.

Claims from nine companies referred to IBC that have so far made the information public have crossed Rs 3.25 lakh crore, data show.

Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities a...

The apex court allowed Jaypee associates to raise Rs 2,000 crore by selling land or any properties with the prior approval of the IRP.

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 bench has pronounced the operative portion only, saying "the order in detail is recorded separately".

The Internal Advisory Committee (IAC) of the Central bank had on June 13 directed the banks to refer 12 non-performing accounts to the Nati...