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Jaypee Group News

Explained: Will govt's Rs 25,000 crore push help housing projects like Jaypee?

Finance Minister Nirmala Sitharaman on Wednesday announced the creation of a special window to provide last mile funding for housing projects that are stressed.

About 40 per cent stalled units to benefit from special window, say analysts

Industry insiders say the special funding window may help completion of around 40 per cent of nearly 5 lakh housing units that currently stand stalled.

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SC allows 90 more days to finish Jaypee insolvency proceedings

The homebuyers had challenged the resolution as against JIL, with a grievance that the law did not recognise them as secured creditors, leaving them with no claim against JIL.

After Amrapali, Unitech: NBCC may take over stalled Jaypee projects

Appearing for the Centre, Additional Solicitor General Madhvi Divan said the Finance Ministry will assist the Corporation in coming up with the revised proposal.

SC seeks NBCC response on completing stalled Jaypee Group projects

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by Thursday.

NBCC submits bid to acquire debt-ridden Jaypee Infratech

The committee of creditors (CoC) is now expected to meet on Monday (February 18) to take up the bids. Lenders to JIL have already approved the proposed evaluation matrix of the bids and the process for request for resolution plan through electronic voting.

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Top management of Jaypee group, 300 guards booked for ‘dacoity’

Expressway SHO Vedpal Singh Pundir said, “An FIR under IPC Section 394 (dacoity) been registered against Sameer Gaur, Colonel Tiwana, Mangal Singh, Naushad Ali – who form the top management – and around 300 other security guards. We are investigating the case.”

Jaypee debt case: SC seeks list of realty group's ongoing housing projects in country

The Reserve Bank of India had approached the highest court on Monday with a plea to start insolvency proceedings against the group.

Jaypee case: SC refuses to accept Rs 400 crore, asks firm to deposit substantial amount to prove bonafide

Jaypee Associates, which was asked to deposit Rs 2,000 crore, rushed to the top court, saying no company possessed such a huge amount of "liquid" fund

Jaypee Infra insolvency: IRP floats Expressions of Interest for resolution plans

Earlier this week, the Supreme Court refused permission to Jaiprakash Associates Ltd to hive off the rights of multi-crore six-lane Yamuna Expressway. The apex court, however, extended the time from October 27 to November 5 for the company to deposit Rs 2,000 crore.

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