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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

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