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Jaypee Group News

06 Sep 2019

NBCC agrees to submit revised plan on Jaypee project

The top court directed NBCC to submit the salient features of the revised plan in a sealed cover at the next date of hearing.

04 Sep 2019

Jaypee Group asks SC to let it revive Jaypee Infra

The Supreme Court asked the National Buildings Construction Corporation's (NBCC) whether it was willing to give a revised proposal to complete the stalled projects of Jaypee Group.

23 Aug 2019

SC extends status quo on Jaypee insolvency resolution

On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.

Jaypee Infratech

28 Dec 2018

Jaypee Infra: Lenders, home buyers approve evaluation criteria for bankruptcy

State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech.

09 Aug 2018

SC asks NCLT to deal with insolvency proceedings against Jaypee group

A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.

15 Dec 2017

Jaypee Group submits Rs 150 crore more to SC, gets time to deposit remaining amount

Embattled realty firm Jaiprakash Associate Limited (JAL) on Friday deposited Rs 150 crore in the Supreme Court to safeguard the interests of hassled home buyers. JAL has deposited Rs 425 crore with the apex court registry so far

Yamuna Expressway project

13 Oct 2017

Want to hive off Yamuna Expressway project, Jaypee tells SC

Jaypee Associates told the apex court that it has an offer worth Rs 2,500 crore and sought permission to give the project to another party.

31 May 2017

Orient Cement to acquire 2 units from Jaypee for Rs 1,946 crore

CK Birla Group firm Orient Cement Ltd on Wednesday said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.

Jaiprakash Associates Ltd

01 Jul 2016

Banks eye control of Jaiprakash in debt-for-equity swap: Sources

Banks plan to take control of indebted infrastructure company Jaiprakash Associates Ltd by swapping part of its loans for equity, two banking sources with direct knowledge of the matter said on Friday.

03 Jun 2016

Jaypee Group defaults on Rs 4,460 cr debt, payments

Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore.

02 Apr 2016

Debt-heavy Jaypee says still able to service loans

Jaypee Group, a heavily indebted infrastructure conglomerate, said on Saturday that no bank had approached it about classifying its loans as non-performing amid government pressure on lenders to rein in large money-losing borrowers.

03 Jun 2015

Jaypee initiates steps to disinvest assets worth Rs 22,000 cr

The shares of Jaiprakash Associates closed at Rs 13.05 a piece on BSE, down 20.67 percent.

28 Jul 2014

Reliance Power shares up over 4% after Jaypee group deal

Shares of Reliance Power on Monday gained over 4 percent after the Anil Ambani Group firm signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates.

27 Jul 2014

Reliance Power to acquire all hydro projects of Jaypee group

Anil Ambani Group firm Reliance Power Sunday said it has signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates Ltd.

25 Jul 2014

Adani Group in discussions with Jaypee for buying hydel projects

Adani Group is in talks with diversified Jaypee Group for acquiring some of its hydro projects in a deal worth over Rs 11,000 crore.

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