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News
Jaypee Infratech
Jaypee Infratech News
Income Tax department
10 Apr 2023
IT Dept Challenges NCLT Order Approving Suraksha Group' Bid For Jaypee Infra
The department's petition is the fourth plea filed by an entity against the NCLT order passed on March 7.
Supreme Court
06 Nov 2019
SC orders Suraksha, NBCC to submit proposal in Jaypee Infratech case
The court passing the order in extraordinary circumstances said that JP Association bidder cannot submit its proposal. A bench of Justices A. M. Khanwilkar and Dinesh Maheshwari turned down the Jaypee group plea for participating in the auction of its debt-ridden group firm, Jaypee Infratech Ltd (JIL).
India real estate
09 Jul 2019
SC asks Centre to examine ways to protect homebuyers
A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).
Jaypee Infratech
21 Jun 2019
Jaypee Infratech creditors meet to take stock of insolvency process
In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm. Most homebuyers voted in favour of the NBCC bid.
Jaypee Infratech
11 Jun 2019
Lenders vote against NBCC's bid to acquire Jaypee Infratech
The development comes hours after the National Company Law Appellate Tribunal (NCLAT) clarified that it has not barred lenders from voting against NBCC's resolution plan.
NCLAT
18 May 2019
NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech
Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.
Jaypee Infratech
14 May 2019
Jaypee Infratech creditors decide to put on vote NBCC's revised bid
A Committee of Creditors (CoC) met on Tuesday and took this decision even as NBCC Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer.
Jaypee Infratech
10 May 2019
Jaypee Infratech: Lenders seek clarification from NBCC on revised bid
The Committee of Creditors (CoC) met Thursday to discuss NBCC's revised offer after it rejected the bid of Mumbai-based Suraksha Realty on May 3 through a voting under the insolvency proceedings.
Jaypee Infratech
07 May 2019
Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension
IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to find a buyer for the Jaypee group's realty firm.
Jaypee Infratech
24 Jan 2019
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Jaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 units.
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.
Jaypee Infratech
17 Sep 2018
Another independent director of Jaypee Infratech resigns; 4th in last one week
Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.
Jaypee Group
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.
Jaypee Infratech
10 May 2018
Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep
Debt-ridden Jaypee Infratech has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI.
Jaypee Infratech
23 Apr 2018
Lender tears into Jaypee Infra bid evaluation process, calls for fair review
IIFCL, in a letter to the resolution professional, tore into its valuers assuming a much less toll collections from Jaypee-built expressway.
Jaypee Infratech
27 Oct 2017
Jaypee Infra insolvency: IRP floats EoI for resolution plans
NCLT has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code.
LIC Housing
13 Oct 2017
LIC Housing moves NCLT to recover Rs 31 crore loan from DB Realty
In the Delhi-NCR property market, insolvency proceedings have started in Jaypee Infratech and Amrapali group company.
Jaypee insolvency case
18 Sep 2017
SC allows homebuyers to intervene in Jaypee insolvency matter
The home buyers in their plea had sought a direction to the government and others that this code "shall not curtail the legal statutory and vested rights of the flat owners/ buyers as consumers" defined under Consumer Protection Act.
Jaypee Infratech
11 Sep 2017
SC asks IRP to take over Jaypee management; directs company to deposit Rs 2000 crore
It also restrained the Managing Director and Directors of Jaypee Infratech, a sister company of Jaypee associates, from travelling abroad without its prior permission.
Jaypee Infratech
11 Sep 2017
SC asks Jaypee Infratech to deposit Rs 2000 crore
SC has restrained the managing director and directors of Jaypee Infratech from leaving country without its permission.
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