Jaypee News

News

IT dept challenges NCLT order approving Suraksha Group' bid for Jaypee Infratech

As per Sources, the department did not make any plea when the case was being heard by the NCLT's Delhi bench and the latest move is surprising.

1 min read11 Apr 2023
News

NCLT approves Suraksha group's bid for Jaypee Infratech

NCLT approves Suraksha group's bid for Jaypee Infratech

1 min read7 Mar 2023
News

NBCC says its bid to buy Jaypee fully-backed by govt, assures homebuyers of timely possessions

A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners

4 min read14 Jun 2021
Companies

Jaypee insolvency: Suraksha group sweetens bid just before lenders' meet

Improving its offer, Suraksha has now promised to issue non-convertible debentures worth ₹1,200 crore to banks, taking its total offer to nearly ₹7,800 crore

3 min read7 Jun 2021
Companies

Jaypee Case: SC orders transfer of pending appeals in NCLAT to itself

The order passed by apex court bench headed by Justice AM Khanwilkar was done in order to ensure that there is no further delay in execution of the approved resolution plan of NBCC and to ensure that the homebuyers get the possession of their homes at the earliest

1 min read6 Aug 2020
Companies

Jaypee Infra goes to NBCC in relief for buyers, realty sector

NCLT cleared NBCC’s proposal to take charge of stalled housing projects and complete around 20,000 flatsThe resolution of Jaypee Infratech is likely to provide relief to distressed homebuyers and aid the Indian real estate sector, battling a severe demand slowdown

1 min read4 Mar 2020
News

Jaypee loses 1,000 hectare land that has F1 Circuit over non-payment of dues

The decision was taken by the Yamuna Expressway Industrial Development Authority during its 66th Board meetingThe embattled business group defaulted on payments of over ₹500 crore

1 min read21 Dec 2019
Companies

NBCC gets nod of lenders, homebuyers to acquire Jaypee Infratech in insolvency process

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017The successful resolution will provide a big relief to over 20,000 homebuyers across various housing projects launched by Jaypee Infratech

2 min read18 Dec 2019
Markets

Jaypee Infra jumps nearly 10% on lenders' nod for NBCC bid

More than one crore shares of Jaypee Infratech were traded on the NSE and over 28 lakh units on the BSEShares of NBCC (India) also rose 0.14% to ₹35.30 on the BSE and 0.14% to ₹35.30 on the NSE

1 min read18 Dec 2019
Companies

Lenders, homebuyers approve NBCC's bid to acquire Jaypee Infratech

NBCC's resolution plan has been approved by the Committee of Creditors with 97.36% votingJaypee Infratech's Interim Resolution Professional had admitted homebuyers' claim amounting to over ₹13,000 crore and lenders' claim of nearly ₹9,800 crore

2 min read17 Dec 2019
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