March 04, 2020 1:43 am
A two member Bench, headed by acting president B S V Prakash Kumar, in an oral order said the Rs 750 crore, deposited with the Supreme Court by Jaypee Associates, would also be part of the plan.
December 18, 2019 10:47 am
Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources.
December 18, 2019 12:56 am
NBCC offered 1,526 acre of land in lieu of debt to lenders and a penalty payment of Rs 5 per sq ft per month to homebuyers on delay. NBCC proposed to complete the project within 3.5 years.
November 13, 2019 5:04 pm
Lenders of Jaypee Infratech will meet on November 18 to discuss the bids of NBCC and Suraksha Realty, which are expected expected to be submitted by the end of this week
July 31, 2019 3:31 am
The committee of creditors (CoC) and the resolution professional would have 45 days to consider the resolution plans and select a final bidder to complete the process.
June 10, 2019 1:48 pm
Lenders consortium, led by IDBI Bank, had approached NCLAT seeking permission to vote against NBCC bid. The voting process started on May 31 and will conclude on Monday (June 10).
May 17, 2019 2:29 pm
A three-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya asked the lenders to conduct a fresh voting from May 31.
May 08, 2019 3:59 am
NBCC plans to complete construction of the flats in phases between April 2021 and July 2023.
May 05, 2019 1:29 am
Members representing only 23.47 per cent of the voting rights assented to the bid submitted by Suraksha Realty and Lakshdeep Investments and Finance Pvt. Ltd.
May 02, 2019 12:56 am
The approval to the NBCC proposal came even as lenders to Jaypee Infratech started the voting process on April 30.
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