Jaypee Infratech | The Asian Age

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Jaypee Infratech Page-2

The company entered into the insolvency proceedings of Jaypee Infratech to provide relief to over 20,000 homebuyers, NBCC letter said. (Representational Image/PTI)

Jaypee Infratech insolvency: NBCC gets approvals from govt for revised offer

According to sources, NBCC has got the approvals from the Department of Expenditure and the DIPAM for its revised offer.

01 May 2019 5:14 PM

CoC decided not to consider the NBCC's bid as it found the offer to be conditional and subject to approvals from various government departments. (Photo: Representational/PTI)

Jaypee Infratech lenders reject NBCC's bid, to vote on Suraksha offer: Sources

Suraksha group has also made an offer of land worth Rs 5,000 crore.

27 Apr 2019 10:25 AM

Adani Group had also expressed interest to bid for Jaypee Infratech.Photo: (Representational/PTI)

Jaypee insolvency: Lenders to meet on Apr 26, 30 to consider revised bids of NBCC

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha group, was rejected by lenders.

25 Apr 2019 3:33 PM

Jaypee group founder Jaiprakash Gaur was also present at the meeting, which was attended by over 1,000 buyers.

Jaypee group apology to homebuyers, proposes to infuse Rs 2K cr in pending projects

The realty firm has an outstanding debt of nearly Rs 9,800 crore.

20 Apr 2019 9:05 AM

State-owned NBCC and Mumbai-based Suraksha group are in race to acquire bankrupt Jaypee Infratech. Jaypee Group too has submitted its resolution plan but the same is not being considered by the lenders at this stage. (Representational Image/PTI)

Jaypee flat possession delay: Buyers demand suspension of EMIs

Around 22,000 homebuyers are stuck due to significant delay in delivery of flats by debt-ridden firm Jaypee Infratech.

19 Apr 2019 5:38 PM

NBCC has offered to fund the gap of about Rs 1,500 crore between estimated construction cost and receivables from customers. (Photo: Representational/PTI)

Jaypee Infratech lenders aks NBCC, Suraksha Group to sweeten bids

The CoC will soon formally write to both the bidders to submit revised bids based on the discussions held.

15 Mar 2019 10:52 AM

Jaiprakash Associates had submitted Rs 750 crore in the registry of the Supreme Court for refund to buyers.

kotak, l&t, nbcc, jaypee infratech, expression of interest, nclt

JIL has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI.

20 Nov 2018 6:16 PM

Jaypee Infratech Ltd, which is facing insolvency proceedings, on Monday said that the company's two independent directors -- Keshav Prasad Rau and Basant Kumar Goswami -- have resigned.

Two independent directors of Jaypee Infratech resign

IRP will place the resignations for acceptance in the next meeting of the Committee of Creditors.

10 Sep 2018 5:21 PM

The National Company Law Appellate Tribunal on Thursday admitted a petition filed by banks against the NCLT order which had directed Jaiprakash Associates to return nearly 760 acres of land to its subsidiary Jaypee Infratech.

NCLAT admits banks' petition over Jaypee land

The bench fixed July 13 as the next date of hearing.

24 May 2018 2:08 PM

Crisis-hit Jaiprakash Associates has deposited Rs 100 crore in the Supreme Court's Registry as per the court's directions in a case related to delay in delivery of flats by its subsidiary.

Jaypee group deposits Rs 100 crore with Supreme Court's Registry

The apex court had on April 16 directed Jaiprakash Associates Ltd (JAL) to deposit Rs 100 crore with its Registry by May 10.

09 May 2018 6:07 PM

A key lender to bankruptcy-hit Jaypee Infratech has ripped apart the bid evaluation process.

Lender tears into Jaypee Infra bid evaluation process

IIFCL tore into its valuers assuming a much less toll collections from Jaypee-built expressway.

22 Apr 2018 11:50 AM

The court while staying the Allahabad high court order had also restricted the directors of firm from leaving the country.

Jaypee officials now can’t sell any assets

At the last hearing, Jaiprakash Associate’s offer to deposit Rs 400 cr towards the due amount of Rs 2,000 crore was rejected by the court.

23 Nov 2017 6:12 AM

Jaypee Infratech, part of debt-ridden Jaypee group, has defaulted on Rs 526.11 crore outstanding loan to IDBI.

Jaypee Infra insolvency: IRP floats EoI for resolution plans

Apex court extended time from October 27 to November 5 for company to deposit Rs 2,000 crore.

27 Oct 2017 4:20 PM

Jaypee group's flagship company Jaiprakash Associates on Monday said its shareholders have approved the proposal to raise up to Rs 2,000 crore through sale of securities. (Representational Image/PTI)

Jaypee group to raise up to Rs 2,000 crore through sale of securities

The amount would be used for capital expenditure and reduction of debt, among other purposes.

25 Sep 2017 2:33 PM

The Supreme Court moved on Monday to protect buyers of homes sold by builder Jaypee Infratech. Photo: PTI

Supreme Court asks IRP to protect interests of Jaypee Infratech home buyers

The buyers had asked the Supreme Court for protection as Jaypee Infratech is being pursued by its lenders for insolvency.

12 Sep 2017 9:54 AM

Jaypee Infratech is real estate arm of Jaypee Associates. (Photo: Representational/File)

SC tells realty major Jaypee Infratech to deposit Rs 2,000 crore

Apex court allows Jaypee to raise Rs 2,000 cr by selling land or any properties with prior approval of IRP.

11 Sep 2017 3:34 PM

The Supreme Court on Monday directed Jaypree Infratech associates to deposit Rs 2,000 crore. (Representational Image)

SC orders Jaypee Infratech to deposit Rs 2,000 crore

The Supreme Court also asked the NCLT-appointed insolvency resolution professional to take over management of the company.

11 Sep 2017 2:15 PM

The bank submitted that staying the order of the National Company Law Tribunal (NCLT) in Allahabad had reversed the position and, as a consequence, the company had gone back to being defaulting promoters. (Photo: Representational/PTI)

IDBI moves SC to vacate stay on Jaypee insolvency

A blanket SC stay had the wholly unintended effect of restoring the company into the hands of JP.

06 Sep 2017 2:58 AM

NCLT at Allahabad had initiated the insolvency proceedings against Jaypee Infratech based on IDBI's charge that the company has defaulted in loan repayment.

IDBI moves SC against stay of insolvency proceedings against jaypee infratech

Around 32,000 buyers have booked their homes in 27 different housing projects of Jaypee Infratech.

05 Sep 2017 12:29 PM

The Supreme Court of India. (Photo: PTI)

IDBI Bank rushes to SC with plea to review stay on Jaypee insolvency

SC accepts bank's petition and posts matter for hearing on Monday; homebuyers oppose bank's fresh submission.

05 Sep 2017 11:43 AM

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Sunil Gatade