Page 2 - Jaypee Infratech

The wait gets longer for lenders, homebuyers in Jaypee Infratech resolution

March 31 deadline for Rs 22,600 cr debt resolution missed as litigation delays process; matter has been dragging on for five years instead of six-month deadline under IBC

Sebi levies Rs 7 lakh fine on Jaypee Infratech for disclosure lapses

Markets regulator Sebi on Monday imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses.

Jaypee Infra insolvency: NCLT to hear Suraksha resolution plan on Mar 7, 9

The National Company Law Tribunal (NCLT) will hear on March 7 and March 9 matters related to approval of the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech Ltd

Lenders expect to close Jaypee Infratech's debt resolution by March

Firm likely to go to Suraksha Realty, which made winning bid of Rs 7,736 crore as against govt-owned NBCC India's Rs 6,536 crore offer last June

Jaypee Infratech second quarter loss widens to Rs 613.87 crore

Its net loss stood at Rs 490.78 crore in the year-ago period

Suraksha ARC promises to restart stalled Jaypee Infra projects soon

Will infuse working capital funds, deploy a new tech team to revive stalled work; plans to collect dues from home buyers and monetise unsold inventory to expedite construction

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

Suraksha group beats NBCC India in close race to buy Jaypee Infratech

It's a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54%

Top headlines: Suraksha gets Jaypee Infra; US births see biggest decline

Business Standard brings you top news of the evening

Suraksha group gets nod from lenders, homebuyers to buy Jaypee Infratech

This is the fourth round of bidding process to find a buyer for JIL, which went into Corporate Insolvency Resolution Process (CIRP) in August 2017.

Suraksha group sweetens offer for Jaypee Infra by Rs 1,298 crore

CoC to meet on June 10 to decide on voting on NBCC, Suraksha offers

Suraksha Group seeks more time to submit final bid for Jaypee Infratech

This is the fourth round of the bidding process in the matter of JIL bankruptcy case.

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

The development comes after the Supreme Court in April ordered submission of fresh plans by NBCC and Suraksha.

Games promoters play

If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground

Revised offer for Jaypee Infratech is legally compliant, says NBCC

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

Long wait for banks and homeowners on Jaypee Infra debt resolution

CoC to vote on NBCC's offer today

Committee of creditors rejects NBCC resolution plan for Jaypee Infratech

Lenders to vote on Suraksha plan from Monday

Bidders running out of patience as Jaypee Infra bankruptcy gets delayed

Despite being sent to the bankruptcy courts in August 2017 and SC orders, lenders await resolution of Rs 22,000 cr debt

Jaypee Infratech insolvency: Suraksha emerges as the highest bidder

The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha to improve bid

Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process