October 03, 2019 01:56 PM IST In the new proposal that NBCC plans to submit before the Supreme Court next week, it may also propose completing all unfinished 16 projects within four years.
October 01, 2019 06:54 PM IST "We have been directed by the court to come up with a comprehensive resolution plan and it is in the works," sources told Moneycontrol.
September 25, 2019 09:04 AM IST Illiquid projects, a slump in the real estate market and poor due-diligence have all contributed to the poor returns of these funds
August 30, 2019 11:07 AM IST Any allocation of preferential rights to homebuyers puts the rights of banks in peril
August 22, 2019 08:34 PM IST On August 2, the apex court had ordered status quo for two weeks on insolvency proceedings after Jaypee Group challenged the July 30 order of NCLAT.
August 09, 2019 12:04 PM IST Genuine homebuyers will have a say in committee of creditors and have the right to initiate insolvency proceedings, verdict clarifies.
August 02, 2019 02:01 PM IST The status quo granted by the court will ensure that liquidation will not happen. The amendments to IBC have not yet received presidential assent and therefore the court deemed it fit to defer the matter by two weeks
July 30, 2019 03:59 PM IST Debars Jaypee Associates Limited; allows NBCC to place fresh bid; directs RP and CoC to complete process of selecting new bidder within 45 days
July 29, 2019 01:55 PM IST According to sources, the two partners differ over funding of the bid.
July 22, 2019 08:42 PM IST Expected to pronounce order on extension of corporate insolvency resolution process on July 29.
July 18, 2019 03:44 PM IST As per the changes to the IBC, there would be a deadline for completion of corporate insolvency resolution process within an overall limit of 330 days, including litigation and other judicial processes. At present, the deadline is 270 days.
July 17, 2019 09:29 PM IST This may pave the way for fresh bids for Jaypee Infratech, including one from Adani Group that had earlier made an unsolicited and non-binding bid to acquire the embattled firm
July 09, 2019 12:09 PM IST IBC may have had an enabling provision with respect to cross border bankruptcy, but more work needs to be done
July 03, 2019 08:59 PM IST NCLAT has directed that representatives of banks, buyers and other stakeholders of the embattled firm appear before it on July 17 to consider how the NBCC bid could be 'recast' in a manner that is beneficial to all.
June 24, 2019 01:15 PM IST In a letter addressed to PM Modi and FM Nirmala Sitharaman, homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan.
June 10, 2019 02:00 PM IST NCLAT also directs the committee of creditors not to finalise rejection of the NBCC bid without the court's consent.
June 10, 2019 07:04 AM IST Resolution inevitably requires large haircuts and bankers, especially in the public sector, are often not willing to take such decisions.
May 31, 2019 07:37 PM IST The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.
May 30, 2019 03:34 PM IST The voting will be held from May 31 to June 10, sources said.
May 27, 2019 09:24 PM IST The 12th committee of creditors meeting to take place on May 30, post which the resolution plan may be put to vote on May 31, sources said
May 24, 2019 09:34 PM IST The 12th committee of creditors meeting expected to take place on May 30, post which the resolution plan may be put to vote on May 31.
May 17, 2019 02:28 PM IST Directs lenders to conduct fresh voting from May 31.
May 16, 2019 06:19 PM IST The e-voting started at 12 pm and will end on May 19 at 8 pm, sources said, adding the results will be declared on May 20.
May 16, 2019 11:51 AM IST While improving NCLT infrastructure is a welcome move, the lack of adequate information utilities have handicapped the bankruptcy law.
May 14, 2019 10:21 PM IST The voting process would start on Thursday at 9 am and end on Sunday at 5 pm
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