7 June 2020: Despite a growing clamour for fast takeover the of debt-ridden Jaypee Infratech, state-run NBCC has said that it will wait for a clear direction from the National Company Law Appellate Tribunal (NCLAT) to start construction activity at… Read More ›
Jaypee Infratech
BS: Govt orders probe against Jaiprakash Associates, Jaypee Infratech
27 May 2020: The Serious Fraud Investigation Office (SFIO) will probe Jaypee group’s flagship firm Jaiprakash Associates and bankruptcy-bound Jaypee Infratech for alleged financial irregularities, according to a source. The probe agency comes under the corporate affairs ministry. The source said the ministry has ordered an SFIO probe… Read More ›
BS: Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT
6 March 2020: The NCLT Delhi bench on Tuesday approved the bid of state-owned NBCC to acquire debt-laden JIL through an insolvency process and complete around 20,000 pending flats over the next three and half years The Rs 750-crore deposited… Read More ›
FE: Supreme Court seeks response from Jaiprakash Associates lenders on 858-acre land bank
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 ›
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 ›
