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Thursday, May 23, 2024 | Last Update : 11:43 AM IST

Jaypee Infra jumps over 9 pc on CoC nod for NBCC bid

Shares of Jaypee Infratech were trading 9.26 per cent higher at Rs 1.77 apiece on the BSE.

18 Dec 2019 12:45 PM

The CoC rejected the bids of Suraksha Realty and NBCC in the second round held in May-June this year.

Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids

As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC.

03 Dec 2019 7:31 PM

NBCC Ltd is also actively considering offering more land to lenders and reduce timeline for completion of about 20,000 flats.

Jaypee Infra case: Suraksha may offer more cash, land to lenders

As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC.

02 Dec 2019 6:07 PM

NBCC and Suraksha Realty took part in the bidding process but their plans were rejected by the lenders.

NBCC, Suraksha Realty submit revised bids for Jaypee Infra

This will be the third round of bidding process in the Jaypee Infratech insolvency matter.

18 Nov 2019 9:33 AM

The Supreme Court, on November 6, directed completion of corporate insolvency resolution process within 90 days for Jaypee Infratech.

NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech

Lenders of Jaypee Infratech will meet on November 18 to discuss the bids of NBCC and Suraksha Realty.

13 Nov 2019 2:29 PM

The top court said if NBCC, whose two proposals have been rejected earlier by lenders of the defaulting Jaypee group, is not willing to submit a revised plan, then it may look for other alternatives.

SC seeks revised plan from NBCC on completing stalled Jaypee group projects

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its reply by September 5.

03 Sep 2019 7:17 PM

NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group.

SC seeks NBCC response on completing stalled Jaypee group projects

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

03 Sep 2019 1:18 PM

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.

Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 Jul 2019 7:01 PM

In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm.

Jaypee Infratech creditors meet to take stock of insolvency process

Last week, lenders filed a petition before the NCLAT to allow them to vote against NBCC's bid in ongoing insolvency process.

20 Jun 2019 8:07 PM

In 2017, Jaypee Infratech went into insolvency process after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking revival of the realty firm.

Jaypee Infra insolvency: Creditors decide to vote on NBCC bid from Friday

As many as 13 banks and over 23,000 home buyers have voting rights in CoC. Buyers have nearly 60 per cent votes.

30 May 2019 3:03 PM

The CoC will meet on May 30 to discuss NBCC's bid. (Photo: Representational/PTI)

Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bid

As many as 13 banks and 23,000 homebuyers have voting rights in the committee.

29 May 2019 2:13 PM

Lenders have shown reluctance to acquire up to 2,207 unsold flats worth Rs 1,756 crore as proposed by NBCC in its revised offer.

Jaypee Infra insolvency: Creditors' meet on May 30 to discuss NBCC bid

At present, bankers and NBCC are negotiating on the latter's bid to acquire Jaypee Infratech.

26 May 2019 1:56 PM

The voting process was to end on Sunday and the outcome declared on May 20.

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

The NCLAT also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

17 May 2019 2:24 PM

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

Jaypee Infra insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC's bid

The voting process will end on Sunday and the outcome would be declared on May 20.

16 May 2019 1:43 PM

Voting process is likely to start on Thursday and end on Sunday, sources say. (Photo: PTI)

Jaypee Infratech creditors decide to put on vote NBCC's revised bid

Homebuyers are likely to vote in favour of NBCC bid but many flat owners fear that lenders may reject it.

14 May 2019 3:09 PM

In its revised offer, NBCC has proposed infusion of Rs 200 crore equity capital, transfer of 950 acres of land worth Rs 5,000 crore to banks and completing construction of flats by July 2023 to settle an outstanding claim of Rs 23,723 crore of financial creditors. (Representational Image | PTI)

NBCC decides against diluting conditions in revised bid for Jaypee Infratech

NBCC's revised bid to acquire Jaypee Infratech and complete work of over 20,000 flats would be discussed on May 14 by CoC.

14 May 2019 12:25 PM

The CoC is considering NBCC's offer after it rejected Mumbai-based Suraksha Realty's bid on May 3 through voting process under the insolvency law. (Photo: Representational/PTI)

Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions

Lenders wrote a letter to NBCC late on Friday regarding this matter,

12 May 2019 2:39 PM

Under the insolvency proceedings, 41 per cent of the members of the committee of creditors (CoC) voted against the proposal, while 23 per cent were in favour.

Suraksha's bid to acquire Jaypee Infra fails after creditors reject offer

Jaypee Group's promoters too are keen to retain control over its realty arm and have submitted debt resolution plan under IBC.

04 May 2019 10:44 AM

Gujarat-based conglomerate Adani Group has also expressed interest in bidding for the realty firm, which has been in financial trouble after defaulting on loans.

After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

The CoC on April 26 had rejected NBCC bid, terming it conditional and without the necessary approval from the government

02 May 2019 11:46 AM

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

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

On October 3, NBCC was given the nod to float tenders for selecting the developer to prepare a detailed project report within 60 days.

Supreme Court sends Amrapali directors to jail, says enough of hide & seek

Slams company for committing a fraud, misdirecting court.

10 Oct 2018 5:25 AM

If there is any apprehension that the recycled water may not be convenient for the recharge

NGT approves Purana Qila lake revival

The plea said that the method of concretisation and laying down of the sheets will lead to damage to the lake.

03 Oct 2018 5:20 AM

Supreme Court of India (Photo: Asian Age)

‘Come clean’, projects seem illegal: Supreme Court to Amrapali

Top court says group’s realty business like cobweb, asks to provide detailed data of unencumbered properties.

22 Aug 2018 2:37 AM

At the current market price, sale of 10 per cent in HUDCO and NBCC could fetch about Rs 1,000 crore and Rs 1,200 crore to the exchequer.

Govt plans HUDCO, NBCC, NTPC share sale; may raise Rs 5,900 crore

Cabinet has cleared up to 10 per cent stake sale in NBCC and HUDCO through OFS.

26 Jul 2018 3:32 PM

National Green Tribunal extends stay on tree felling till July 27

He argued that work has completely halted on the site and a loss of Rs 25 lakh per day was being caused due to the NGT’s order.

20 Jul 2018 1:09 AM

Permission to South Delhi projects revoked

Mr Hussain had cited “violations” committed by NBCC as the ground for recommending revocation of trees felling permission.

07 Jul 2018 5:35 AM

Citizens file petition in Delhi HC against felling of trees in city

The NGT on Monday directed the authorities that no trees shall be cut in south Delhi colonies until further orders.

05 Jul 2018 6:20 AM

Environment minister seeks help of top cop

Mr Hussain further said, “When he (Mr Jha) went to the police station to complain, his FIR was not registered there.

29 Jun 2018 2:33 AM

National Green Tribunal (Representational Image)

Plea claims cutting still on, seeks action against NBCC

The high court had on June 25 asked how could the national capital afford the felling of over 16,500 trees for a housing project.

28 Jun 2018 4:28 AM

Delhi environment minister Imran Hussain

Minister writes to Harsh Vardhan, Puri over NBCC project

The Central government-run construction company NBCC will chop 16,500 trees in different areas of South Delhi.

27 Jun 2018 1:17 AM

AAP asks Centre to scrap plan

Party says it would have a ‘disastrous’ effect on city.

26 Jun 2018 4:41 AM

Activists from various environmental organisations display placards during a demonstration to save trees at Sarojini Nagar area in New Delhi on Monday. (Photo:PTI)

Can Delhi afford felling trees for housing project, asks Delhi HC

NBCC puts off cutting till July 4; matter to come up before NGT.

26 Jun 2018 4:24 AM

The Delhi High Court has asked NBCC, 'Can Delhi afford cutting of trees for the development of roads and buildings?' (Representational Image)

Don't cut anymore trees in Delhi till July 4, says Delhi High Court

'Has the green court allowed this tree-cutting?' HC questioned, saying the project would be on hold till July 2.

25 Jun 2018 1:02 PM

In a letter to state-owned National Buildings Construction Corporation (NBCC), the Union environment ministry said that it has given the environment clearance to the AIIMS’ proposed project with certain riders.

AIIMS gets nod for Rs 2,000 crore blocks at trauma centre

The clearance has been given after taking into account the recommendations of an internal expert committee.

28 May 2018 1:39 AM

NBCC (India) on Thursday said it has bagged contracts worth Rs 2,000 crore to build high-capacity convention centres in nine different African countries.

NBCC bags Rs 2,000 cr contracts to build convention centres

NBCC will build nine Mahatma Gandhi Convention Centres (MGCC) in African nations.

03 May 2018 1:58 PM

This will facilitate empowering the youth in Odisha with relevant skill sets and train them in various disciplines.

NBCC ties up with Skill Development Institute to train workers

NBCC has pledged to impart training to 40,000 workers (including both onsite and offsite) in next five years.

13 Apr 2018 11:35 AM

Housing project would be built on an area of 3,519 square metre at Deen Dayal Upadhyay Marg.

Finance Ministry signs MoU with NBCC for housing project

MoU for the project was signed between Department of Economic Affairs and NBCC.

23 Feb 2018 3:23 PM

Church body warns of ‘Hindutva invasion’

The NBCC in its letter also flagged the point to which Congress leaders have been raising in the neighboring Meghalaya assembly elections.

12 Feb 2018 6:06 AM

Air India has been surviving on government's Rs 30,000 crore bailout scheme.

Air India to sell land in Mauritius to NBCC for Rs 3.1 cr

On June 28, CCEA gave its in-principle approval for disinvestment of Air India.

07 Jul 2017 6:31 PM

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