Jaypee Infratech

Suraksha’s bid for Jaypee Infratech gets NCLT approval

The development will provide relief to more than 20,000 homebuyers across various housing projects launched by the firm in Noida…

March 8, 2023 06:00 IST

As many as 12 banks and more than 20,000 homebuyers have voting rights in the CoC.

Jaypee Infratech insolvency: NCLT to hear Suraksha group resolution plan on March 7, 9

In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to take over the JIL,…

March 5, 2022 19:07 IST

Suraksha gets CoC nod to take over Jaypee Infratech; state-owned NBCC loses race by just 0.12% votes

“Suraksha Group has won the bid with 98.66% votes. It got 0.12% more votes than NBCC,” JIL’s interim resolution professional…

June 24, 2021 05:30 IST

Jaypee Infratech Ltd, Suraksha, NBCC, Noida, Greater Noida, Homebuyers

Huge relief for homebuyers! Suraksha set to buy Jaypee Infratech as lenders give nod

The 10-day-long voting process on the takeover proposals submitted by NBCC and Suraksha group ended on Wednesday afternoon

June 23, 2021 20:14 IST

Jaypee Infratech case: YEIDA agrees with creation of SPVs, but final nod after competent authority approval

The concession agreement was signed between YEIDA (then Taj Expressway Industrial Development Authority) and JAL in February 2003. JAL’s rights…

June 20, 2021 06:30 IST

Jaypee Infratech acquisition: Suraksha Realty seeks week for new bid; NBCC submits plan

In November 2019, the Supreme Court directed the completion of JIL insolvency process within 90 days and ordered that the…

June 6, 2021 05:20 IST

NBCC, Suraksha get time till June 4 to submit revised Jaypee Infratech bids

Sources said that around 75-76% of the CoC members voted in favour of allowing time from May 29 to June…

May 29, 2021 01:45 IST

NBCC says its offer for Jaypee Infratech ‘legally compliant’

At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group’s bid. It…

May 26, 2021 19:34 IST

On Sunday, Suraksha Group had warned of legal action against CoC as well as the IRP if there was any delay in the scheduled voting process.

Jaypee Infratech resolution: Lenders defer voting on Suraksha Group’s offer to acquire bankrupt firm

If the proposal to give a week’s time to both the parties to submit their revised bids does not get…

May 25, 2021 04:45 IST

Jaypee creditors’ panel to discuss NBCC offer on Monday; Suraksha warns of legal action

Peeved over the proposed CoC meeting, the Suraksha group has written a strongly-worded letter to Anuj Jain and bankers, seeking…

Updated: May 23, 2021 22:28 IST

This includes guarantee security interest and promoter security interest, sources said.

CoC rejects NBCC bid; says third-party securities held by IFCs are additional security interest

In its revised resolution plan, NBCC proposed that DFCs would be allowed to enforce security interest, forming a part of…

May 22, 2021 02:30 IST

Jaypee Infratech insolvency: NBCC, Suraksha submit revised bids

Before submitting the revised plans, both Suraksha and NBCC held meetings with the homebuyers on May 2 and May 7,…

May 12, 2021 06:15 IST

The apex court had also directed completion of the resolution process in 45 days, which lapsed on May 8. An application has been filed to extend the timeline for finding the buyer for JIL.

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

A Committee of Creditors (CoC) met on Saturday to discuss the revised bids of state-owned NBCC and Suraksha group for…

April 17, 2021 22:03 IST

SC refuses approval to NBCC resolution plan for Jaypee Infra, remits it back to creditors

The top court directed that the resolution shall be completed within a period of 45 days from the date of…

March 24, 2021 22:05 IST

Jaypee Infratech Q4 net loss at Rs 89 crore

Jaypee Infratech Q4 results: The company said due to slowdown in the economy and resultant subdued demand of real estate…

May 27, 2016 16:13 IST

Jaypee Infratech, DLF rally up to 8%

Shares of Jaypee Infratech and DLF today rose by up to 8 per cent following the government’s move to reduce…

Updated: August 19, 2015 17:27 IST

Jaypee Infratech shares slump 7.5% as Q1 net drops

Shares of Jaypee Infratech slumped 9.5 per cent on Friday after the company reported 43.23 per cent drop in standalone…

Updated: August 7, 2015 17:41 IST

Rs 25,000 cr loans get 5/25 relief

Uttam Galva, Jaypee, Adani groups benefit

May 19, 2015 01:40 IST

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