Jaypee group, which is into construction, cement, power, real estate, hotel and hospital businesses, has been facing crisis in the last few years due to defaults in debt repayments and huge delays in completion of housing projects in Noida and Greater Noida.
Liquidity has flowed to a few stocks which have shown relatively better earnings, and over the long-term experts feel that stock prices will mimic earnings growth.
The ruling came on a complaint filed by one Naveen Kataria who had booked a villa at Jaypee Greens in Greater Noida, Uttar Pradesh, in 2011.
The index formed a Bearish Belt Hold kind of pattern on the daily charts while a bearish candle on the weekly charts for the second consecutive week in a row.
Asking PSUs to finish construction of flats for a private developer is akin to privatising profits and socialising losses
The settlement offer comes even as two bids have already been placed for acquiring Jaypee Infratech under IBC from state-owned NBCC and Suraksha Group, as reported by CNBC-TV18 earlier.
This is the second time in less than a year that Jaiprakash Associates Ltd (JAL) has sought to retain control of the cash-strapped subsidiary.
The regulator feels that holding two posts by members of the same family will lead to an overlapping of the board and management and conflict of interest
Foreign institutional investors (FIIs) have pulled out more than Rs 12,000 crore from Indian capital markets so far in the month of September
The Allahabad bench of NCLT has asked ICICI bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17.
He raised his stake in the troubled Jaiprakash Associates to 1.98 percent during the June quarter from 1.19 percent earlier on a fully diluted basis
Rakesh Jhunjhunwala raised equity stake in the debt-laden company to 2.06 percent in quarter ended June, up from 1.23 percent in March quarter.
The appellate tribunal was hearing a batch of petitions filed by several banks.
The CK Birla Group firm has terminated the agreement to acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.
Jaypee’s case is unique as it involves the general public besides banks. These are common people who booked homes with the real estate developer during 2006-10.
Rajiv Kochhar, brother-in-law of ICICI Bank CEO Chanda Kochhar, is the founder of Singapore-based Avista Advisory.
On March 21, the apex court had asked the company to deposit Rs 200 crore in two instalments.