Jaypee Infratech

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 Anuj Jain said after the 10-day voting on the revised resolution plans of the Suraksha and NBCC

Jaypee Infratech

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

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

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 were transferred to a SPV, JIL in October 2007. The concession period is for 36 y

Jaypee Infratech

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 revised bids to be invited only from NBCC and Suraksha group.

Jaypee Infratech

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 4 to both the resolution applicants to submit their final bids for JIL. Subsequently, the lenders’ panel cancelled the

Jaypee Infratech

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 also decided to conduct a voting process on May 27-28 to decide whether the two contenders -- NBCC and Suraksha -

Jaypee Infratech

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 the CoC's approval then, in all probability, Suraksha’s plan will be put to vote, sources said.

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 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 fairness and transparency in the insolvency process.

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.

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 the institutional financial creditors’ (IFCs') security interest, but only to the extent of the liquid

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

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, respectively, people in the know told FE.

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

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 acquiring Jaypee Infratech through the insolvency process.

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.

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 this judgment.

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

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 in the NCR region, the launch and sales of new projects, including bulk land, had been negatively impact

Jaypee Infratech results

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 the area of the eco-sensitive zone around the Okhla Bird Sanctuary in New Delhi, bringing a huge potential relief to

coffee day ipo

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 net profit for the quarter ended June 30.

Rs 25,000 cr loans get 5/25 relief

Uttam Galva, Jaypee, Adani groups benefit

gautam adani

Jaypee Infratech’s road arm takes 5/25 route

Seeks refinancing of R10,300 crore in loans

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