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  • Max Healthcare acquires struggling Jaypee Hospital at Rs 1,660 crore enterprise value

    The proposed acquisition will give Max Healthcare a controlling stake in JHL, including its flagship asset, the 500-bed Jaypee Hospital in Noida.

  • Adani Group may consider $1-billion bid for Jaypee’s realty assets: Reports

    The acquisition would place Adani in direct competition with other major players in the Indian real estate sector, such as the Godrej Group, Tata Group, Larsen & Toubro, and the Raymond Group.

  • Adani eyes Jaypee cement assets through IBC

    The insolvency proceedings against Jaiprakash Associates are expected to heat up competition in the fast-consolidating cement industry, which is seeing big players such as UltraTech, Adani, Dalmia and JSW Cement vie for assets across the country

  • Jaiprakash Associates defaults on Rs 3,961 crore loans on May 31

    In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and interest of Rs 2,361 crore.

  • Jaypee Infratech resolution case: Five-member committee set up to handle resolution

    The interim resolution professional has handed over control to the interim monitoring committee (IMC) and it has started initiating work on implementation of the resolution plan

  • All you should know about Suraksha Group after Jaypee breakthrough

    With the NCLT approving the resolution plan submitted by Surakha Group for Jaypee projects in Noida, buyers in the beleaguered housing project can now hope to get possession of the homes they have been waiting for over a decade.

  • Jaypee case: Suraksha objects to scheduled CoC meet to discuss NBCC offer; warns of legal action

    The latest development comes hours after the IRP called for a meeting of the CoC in the morning of May 24 to discuss state-owned NBCC's addendum to its resolution plan, which was rejected by the panel on May 20.

  • Over 2,000 home buyers still stranded as Jaypee Infra’s insolvency case lurches towards a resolution

    An apex court ruling creates hurdles for homebuyers of JIL, who have not filed claims in the system till December 2019; NCLT offers some hope, asks IRPs to consider all claims

  • Jaypee Infratech insolvency: Lenders, homebuyers ask Suraksha group to improve bid

    This is the fourth round of bidding in the matter of Jaypee Infratech, which went into insolvency in August 2017.

  • Interview: NBCC’s current order book is worth Rs 71,000 crore, says CMD PK Gupta

    COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.

  • Jaypee housing units registration restarts, to be ramped up in 2-3 weeks: IRP

    Homebuyers say that they have waited far too long and want their homes to be registered at the earliest

  • Jaypee Case: SC transfers all pending appeals in NCLAT to itself, next date August 31

    IRP Anuj Jain has been directed to continue managing the affairs of the embattled firm

  • Jaypee Infra lenders to put on vote bids of NBCC, Suraksha simultaneously

    A decision in this regard was taken in a meeting of Committee of Creditors (CoC) held here. This is the third round of bidding process, which has been initiated on the direction of the apex court.

  • 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 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

  • Exclusive | NBCC may reduce upfront amount to Jaypee Infra lenders if it decides to keep unsold inventory

    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.

  • Banks not passing on benefits of reduced interest rates to us, homebuyers to FM

    FM held discussions with realtors, homebuyers, RERA officials.

  • Reality check: Does NBCC have the funds to complete stuck real estate projects?

    Will outstanding amount collected from homebuyers be enough to kickstart construction of stuck projects in Delhi-NCR? 

  • Will NBCC rescue homebuyers stuck in private projects?

    For homebuyers, NBCC comes with a sense of sovereign guarantee but there are concerns that completing more than one lakh housing units will be a tall order 

  • Centre informs Supreme Court that it is working on proposal to address homebuyers' issues

    Supreme Court has deferred the hearing on the Jaypee matter for July 18 after the Centre told the court that NCLAT will hear the case on July 17

  • UP CM meets homebuyers, real estate developers; discusses delayed housing projects

    Homebuyers’ demanded an assurance from the chief minister that incomplete homes are delivered and that his government implement the recommendations made by a high-level committee of UP state and central government.

  • Jaypee Infratech case: NBCC bid to be put to vote for 10 days

    The voting will be held from May 31 to June 10, sources said.

  • Jaypee Infratech lenders to hold negotiations over NBCC bid today

    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.

  • Jaypee Infratech case: E-voting on NBCC's resolution plan underway

    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.

  • NBCC hopeful that it would get clearances for revised bid for Jaypee Infratech soon

    Homebuyers complain that the situation has left them confused.

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