12 July 2019: The Supreme Court said that it would intervene to protect Jaypee homebuyers if the resolution plan under the insolvency proceedings failed on Thursday. It is likely to step in order to stop liquidation of the company to… Read More ›
Jaypee Infratech
FE: Jaypee homebuyers matter: SC asks Centre to come out with uniform proposal
9 July 2019: The Supreme Court on Tuesday asked the Centre to come out with a “uniform” proposal for all cases to resolve the difficulties being faced by lakhs of homebuyers who have not yet got possession of flats despite… Read More ›
TI: Adani role in Jaypee under fire
3 July 2019: The National Company Law Appellate Tribunal (NCLAT) on Tuesday came down hard on banks for their “backdoor” talks with the Adani group to acquire Jaypee Infratech Limited (JIL) even as they rejected state-owned NBCC’s bid for the… Read More ›
BS: Jaypee Infra insolvency: NCLAT tells lenders, allottees to appear on Jul 17
2 July 2019: With creditors rejecting NBCC’s bid to acquire Jaypee Infratech, the NCLAT Tuesday directed representatives of banks, allottees and other stakeholders to appear before it on July 17 to consider how the bid could be tweaked for the… Read More ›
BS: SC to hear plea next week on preventing Jaypee Infratech’s liquidation
2 July 2019: The Supreme Court will hear next week a plea seeking that Jaypee Infratech Ltd not be sent into liquidation although the deadline for the corporate insolvency resolution process is over, as it would cause “irreparable loss” to… Read More ›
ET: Over 400 home buyers suggests COC considers Jaypee’s proposal
1 July 2019: Over 400 Jaypee homebuyers suggested that COC considers the proposal made by Jaypee Group under section 12A. They conducted a candle light march at India gate on Sunday to urge the authorities to expedite the completion and… Read More ›
ET: NCLAT directs NCLT to decide on IBC plea against JP Associates in 6 weeks
1 July 2019: The NCLAT Monday directed the National Company Law Tribunal to decide the insolvency plea filed by ICICI Bank against Jaiprakash Associates in six weeks. The private sector lender had approached the National Company Law Appellate Tribunal (… Read More ›
LM: NBCC ‘no more interested’ in Jaypee Infra acquisition
30 June 2019: Although the distressed home buyers of Jaypee Infratech Limited (JIL) are urging the government to intervene in the resolution process of the bankrupt realty firm in support of NBCC’s bid, the public sector construction major, according to… Read More ›
FE: Will complete Jaypee Infra’s projects in 4 years, Adani tells committee of creditors
28 June 2019: Adani Infrastructure and Development (AIDPL), which in April evinced interest in acquiring Jaypee Infratech’s (JIL) assets, earlier this week said if it is allowed to take over the cash-strapped real estate developer, the company will complete the… Read More ›
CNBCTV18: Jaypee Infratech homebuyers ask govt to direct IDBI Bank to vote for NBCC’s resolution plan, want forensic audit of JIL and promoters
24 June 2019: Buyers of homes sold by builder Jaypee Infratech Limited (JIL), which has been dragged to a bankruptcy court, have approached the government to direct the IDBI Bank-led lenders to vote in favour of the state-run NBCC’s resolution… Read More ›
