Page 2 - Jaypee Infra
NCLAT issues notices as Jaypee minority shareholders seek compensation
A three-member NCLAT bench has issued notices to NBCC, IDBI Bank and resolution professional of Jaypee Infratech as well as to the bourses NSE and BSE
 "NCLAT issues notices as Jaypee minority shareholders seek compensation")
Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms
The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above
 "Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms")
Most homebuyers, some lenders vote for NBCC's bid to acquire Jaypee Infra
This is the third round of bidding process, initiated on the direction of the apex court.
 "Most homebuyers, some lenders vote for NBCC's bid to acquire Jaypee Infra")
NBCC, Suraksha Realty place final bids to acquire Jaypee Infra
Lenders had asked both the suitors to sweeten their resolution plans and submit their bids by December 3. The final offer made by the two contenders could not be immediately ascertained
 "NBCC, Suraksha Realty place final bids to acquire Jaypee Infra")
Jaypee Infra: Suraksha may offer higher compensation to buyers, lenders
NBCC Ltd is also actively considering offering more land to lenders and reduce timeline for completion of about 20,000 flat
Jaypee Infra insolvency: NBCC may offer more land to lenders in final bid
For homebuyers, NBCC is looking to reduce the deadline for completing pending flats from four years timeline proposed in the bid submitted on November 17
 "Jaypee Infra insolvency: NBCC may offer more land to lenders in final bid")
NBCC sweetens bid to buy Jaypee Infra; offers more land, flats to lenders
Jaypee Infratech owed nearly Rs 10,000 crore to bankers
 "NBCC sweetens bid to buy Jaypee Infra; offers more land, flats to lenders")
NBCC in a fresh bid for Jaypee Infra, may keep unsold flats of Rs 1,750 cr
This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year
 "NBCC in a fresh bid for Jaypee Infra, may keep unsold flats of Rs 1,750 cr")
SC orders completion of Jaypee Infra insolvency resolution within 90 days
A bench of justices A M Khanwilkar and Dinesh Maheshwari said it is passing directions in an "exceptional situation" to do complete justice to home buyers, Jaypee group and banks concerned.
 "SC orders completion of Jaypee Infra insolvency resolution within 90 days")
Yamuna Expressway authority asked to refund Rs 41.14 cr to Jaypee Infra
In the order, the tribunal also directed the YEIDA to ensure that the development work is not obstructed by the Noida development authority.
 "Yamuna Expressway authority asked to refund Rs 41.14 cr to Jaypee Infra")
NCLAT allows 90 day extension in Jaypee Infra CIRP, allows fresh bids
Appellate tribunal bars Jaypee Infra parent firm from submitting fresh bids
Jaypee Infra lenders reject Suraksha bid; NBCC top choice for homebuyers
According to sources close to the issue, in the worst-case scenario, if the insolvency resolution professional does not come up with any resolution, Jaypee Infratech might head for liquidation
 "Jaypee Infra lenders reject Suraksha bid; NBCC top choice for homebuyers")
