jaypee infratech
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  • SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities May 27, 2020 05:10 PM IST

    SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities

    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.

  • Jaypee Infratech case: NCLAT gives conditional go-ahead to NBCC to implement resolution plan Apr 22, 2020 07:56 PM IST

    Jaypee Infratech case: NCLAT gives conditional go-ahead to NBCC to implement resolution plan

    Sources said that while no construction can begin immediately due to the COVID-19 situation, there will now at least be an interim arrangement in place to start the ball rolling.

  • Exclusive | Construction of Jaypee projects may see delay as NBCC mulls NCLAT appeal Mar 11, 2020 06:37 PM IST

    Exclusive | Construction of Jaypee projects may see delay as NBCC mulls NCLAT appeal

    Legal experts said that timely compliance of the order is essential to ensure that projects are not delayed.

  • Explainer: 10 things to know about NCLT's Jaypee Infratech order Mar 06, 2020 12:37 PM IST

    Explainer: 10 things to know about NCLT's Jaypee Infratech order

    It remains to be seen how the two modifications–payment to ICICI within 18 months and the concessionaire agreement with YEIDA- are dealt with.

  • NBCC: the government’s newest milch cow Mar 05, 2020 09:28 AM IST

    NBCC: the government’s newest milch cow

    The market reacted negatively to the news of NBCC getting the Jaypee Infratech project, taking the stock to Rs 26, a level it had last seen in August 2014

  • Jaypee Infratech rises 4% intraday after NCLT clears NBCC resolution plan Mar 04, 2020 05:31 PM IST

    Jaypee Infratech rises 4% intraday after NCLT clears NBCC resolution plan

    As per the order, the government’s construction arm NBCC will acquire Jaypee Infratech through an insolvency process 'with modifications'.

  • Jaypee Infratech case: NCLT clears NBCC resolution plan Mar 03, 2020 06:18 PM IST

    Jaypee Infratech case: NCLT clears NBCC resolution plan

    The Rs 750 crore deposited by Jaiprakash Associates would also be part of the plan, NCLT said.

  • Exclusive | NBCC's plan to acquire Jaypee Infra may get approval by March 3 Feb 27, 2020 06:58 PM IST

    Exclusive | NBCC's plan to acquire Jaypee Infra may get approval by March 3

    Funds worth Rs 2,000 crore have already been tied up to start construction," sources told Moneycontrol.

  • Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid Jan 06, 2020 06:20 PM IST

    Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

    This was the third round of bidding process to find a buyer for Jaypee Infratech, which went into the corporate insolvency resolution process (CIRP) in August 2017.

  • Jaypee Infratech shares locked at upper circuit on NBCC acquisition buzz Dec 18, 2019 12:34 PM IST

    Jaypee Infratech shares locked at upper circuit on NBCC acquisition buzz

    NBCC's resolution plan has been approved by the Committee of Creditors (CoC) with a 97.36 percent majority, sources said.

  • NBCC to acquire Jaypee Infratech, receives 97.36% votes from lenders Dec 17, 2019 06:29 PM IST

    NBCC to acquire Jaypee Infratech, receives 97.36% votes from lenders

    As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors (CoC). Buyers have around 58 percent votes. A bid needed at least 66 percent of the votes to receive approval.

  • Jaypee insolvency case | Homebuyers, banks vote in favour of NBCC Dec 16, 2019 06:42 PM IST

    Jaypee insolvency case | Homebuyers, banks vote in favour of NBCC

    Some take a cautious approach and vote for both Suraksha Realty and NBCC

  • Jaypee Infratech case: NBCC, Suraksha Realty submit final bids Dec 03, 2019 10:08 PM IST

    Jaypee Infratech case: NBCC, Suraksha Realty submit final bids

    NBCC in its final bid has offered 1,526 acres of land to lenders as against its earlier proposal of 1,426 acres; Suraksha Realty proposes 2,220 acres of land worth Rs 9,800 crore under the land-debt swap deal

  • Jaypee Infra share price locked in upper circuit after Yes Bank files insolvency petition Dec 03, 2019 11:29 AM IST

    Jaypee Infra share price locked in upper circuit after Yes Bank files insolvency petition

    A meeting of the committee of creditors of Jaypee Infratech is to be held on December 7.

  • Jaypee Infratech case: NBCC may offer 10% more land to lenders Dec 02, 2019 12:56 PM IST

    Jaypee Infratech case: NBCC may offer 10% more land to lenders

    Suraksha may increase amount promised as compensation for delay; may hand over 250 towers in three years to buyers.

  • Jaypee Infratech lenders demand more land, debt-free Yamuna Expressway from NBCC: sources Nov 28, 2019 08:16 PM IST

    Jaypee Infratech lenders demand more land, debt-free Yamuna Expressway from NBCC: sources

    Buyers demand delay compensation; Bidders asked to submit revised final proposals by December 3

  • Jaypee Infra lenders ask NBCC to offer more land Nov 28, 2019 05:03 PM IST

    Jaypee Infra lenders ask NBCC to offer more land

    A meeting of Committee of Creditors (CoC) was held here to negotiate with the two contenders. In the meeting, sources said bankers sought many clarifications from NBCC on its resolution plan and asked it to sweeten the bid.

  • Why homebuyers want NBCC and not Suraksha to take over Jaypee projects Nov 22, 2019 06:51 PM IST

    Why homebuyers want NBCC and not Suraksha to take over Jaypee projects

    Want a forensic audit into the affairs of JIL since its inception, NBCC must pay a delay compensation under RERA norms and that no private service provider’s portal be used for voting

  • Lenders of Jaypee Infratech may start voting on final bids by December 8: Sources Nov 22, 2019 12:31 PM IST

    Lenders of Jaypee Infratech may start voting on final bids by December 8: Sources

    The meeting of Jaypee Infratech's CoC to discuss queries on the interim plans submitted by NBCC and Suraksha Realty is expected to take place on November 28, sources said

  • Jaypee Infratech case: Lenders to meet on November 28 Nov 18, 2019 12:06 PM IST

    Jaypee Infratech case: Lenders to meet on November 28

    Both NBCC and Suraksha promise to deliver flats to over 23,000 homebuyers within three to four years.

  • Jaypee Infra insolvency: NBCC sweetens bid by offering more land & benami flats to lenders Nov 17, 2019 07:21 PM IST

    Jaypee Infra insolvency: NBCC sweetens bid by offering more land & benami flats to lenders

    The company, which submitted its resolution plan on Sunday, is also believed to have offered 75 percent of 858 acres land which is expected to be transferred back to Jaypee Infratech from the parent company Jaiprakash Associates, they added.

  • Jaypee Infra case: Homebuyers' representative asks IRP to include issue of forensic audit in CoC meet agenda Nov 15, 2019 04:41 PM IST

    Jaypee Infra case: Homebuyers' representative asks IRP to include issue of forensic audit in CoC meet agenda

    Says Jaypee buyers strongly believe that there are several instances that prove that their money was diverted and used for other purposes.

  • Issue of forensic audit of Jaypee Infratech must be taken up at next CoC meeting: Homebuyers Nov 13, 2019 02:49 PM IST

    Issue of forensic audit of Jaypee Infratech must be taken up at next CoC meeting: Homebuyers

    Lenders of debt-ridden Jaypee Infratech will meet on November 18 to take forward the process of insolvency resolution following the Supreme Court's directions on November 6.

  • Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction Nov 12, 2019 08:11 PM IST

    Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction

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

  • Jaypee Infratech case: Supreme Court says resolution process must be completed within 90 days Nov 06, 2019 12:58 PM IST

    Jaypee Infratech case: Supreme Court says resolution process must be completed within 90 days

    Disallows Jaypee Associates from participating in the bid; only NBCC (India) Ltd and Suraksha Realty Ltd can bid for Jaypee Infratech

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