The proposed acquisition will give Max Healthcare a controlling stake in JHL, including its flagship asset, the 500-bed Jaypee Hospital in Noida.
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.
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
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.
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
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.
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.
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
This is the fourth round of bidding in the matter of Jaypee Infratech, which went into insolvency in August 2017.
COVID-19 has impacted project execution as well as revenues; Steps are in place to enhance workforce at all sites, including Amrapali projects.
Homebuyers say that they have waited far too long and want their homes to be registered at the earliest
IRP Anuj Jain has been directed to continue managing the affairs of the embattled firm
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.
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.
Disallows Jaypee Associates from participating in the bid; only NBCC (India) Ltd and Suraksha Realty Ltd can bid for Jaypee Infratech
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.
FM held discussions with realtors, homebuyers, RERA officials.
Will outstanding amount collected from homebuyers be enough to kickstart construction of stuck projects in Delhi-NCR?
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
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
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.
The voting will be held from May 31 to June 10, sources said.
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.
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.
Homebuyers complain that the situation has left them confused.