20 September 2019: The Supreme Court on Thursday sought response from the lenders of Jaiprakash Associates (JAL) as to why they should not be asked to return a land bank of 858 acre to Jaypee Infratech (JIL), which is undergoing… Read More ›
Jaypee Infratech
FE: Jaypee Infratech case: NBCC to submit revised plan to take over 27 incomplete projects
6 September 2019: In a major relief to thousands of homebuyers of Jaypee Infratech (JIL), state-run housing firm NBCC on Thursday agreed to submit a revised plan for takeover of the bankrupt real estate firm’s 27 incomplete projects. A Supreme… Read More ›
FE: Jaypee Infratech case: NBCC offers in SC to prepare revised plan for taking over stalled projects
5 September 2019: State-owned NBCC told the Supreme Court Thursday that it was willing to give a revised proposal to complete the stalled projects of debt-laden Jaypee Group to address the grievances of thousands of harassed homebuyers. The top court… Read More ›
FE: Jaypee Infratech homebuyers to move Supreme Court against NCLAT order
27 August 2019: Homebuyers of embattled Jaypee Infratech (JIL) on Monday moved the Supreme Court, challenging the July order of the NCLAT that allowed fresh bidding for the debt-laden real estate firm and also barred promoters from participating in the… Read More ›
NIE: Supreme Court extends status quo by a week on Jaypee’s insolvency resolution process
22 August 2019: The Supreme Court Thursday extended by a week the status quo on the insolvency process on Jaypee Group’s plea challenging the NCLAT order allowing fresh bidding for debt-laden Jaypee Infratech. A bench of Justices A M Khanwilkar… Read More ›
FE: Jaypee infra parent moves SC against NCLAT fresh bid order
2 August 2019: Jaiprakash Associates, the parent company of embattled Jaypee Infratech (JIL), on Thursday moved the Supreme Court challenging the National Company Law Appellate Tribunal’s (NCLAT) on Tuesday order that allowed fresh bidding for the debt-laden real estate firm… Read More ›
LM: NCLAT sets aside order directing return of land to Jaypee Infratech
1 August 2019: The National Company Law Appellate Tribunal on Thursday set aside an NCLT order that directed Jaiprakash Associates Ltd to return 758 acres of land, which was pledged with several banks, to debt-laden Jaypee Infratech. In May last… Read More ›
TOI: Centre to back NBCC to finish Jaypee projects
1 August 2019: After Amrapali and Unitech, the government is now looking to back public sector builder NBCC to construct the remaining 25,000 Jaypee Infratech apartments and villas in and around Noida. During a meeting called by finance minister Nirmala… Read More ›
FE: Jaypee Infra CoC to discuss fresh bids on August 5
1 August 2019: The committee of creditors (CoC) of Jaypee Infratech will meet on August 5 to discuss the future course of action following the NCLAT’s Tuesday order of extending the resolution period by 90 days. The panel will deliberate… Read More ›
LM: The Jaypee jigsaw: Filling the final pieces
31 July 2019: It will be over someday soon, but, hopefully, not before it has taught a lesson to everyone involved—the government, the judiciary, homebuyers, and the promoters of Jaypee Infratech Ltd (JIL), an arm of the Manoj Gaur-run Jaiprakash… Read More ›
