Jaypee Project
Suraksha Group earmarks 2,552 acre of land for Jaypee Infratech lenders
Suraksha Group, which has acquired Jaypee Infratech Ltd (JIL) through insolvency process, has identified 2,552 acre of land parcels for lenders of the bankrupt realty firm in accordance with the resolution plan. On June 4, Suraksha Group took control of JIL following the National Company Law Appellate Tribunal's (NCLAT) decision on May 24, upholding its bid to acquire JIL and constituted a new board. According to sources, Suraksha Group has earmarked 2,372 acre of land for assenting lenders and 180 acre, separately, for ICICI. The group had appointed real estate consultant CBRE to help in land identification process. JIL had around 6,250 acre of land in Delhi-NCR and adjoining areas. In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land to partly settle their dues. Sources said Suraksha Group, during the last three months, has infused Rs 125 crore as equity and anoth
 "Suraksha Group earmarks 2,552 acre of land for Jaypee Infratech lenders")
Noida Authority to protect homebuyers in debt ridden Jaypee's project
Jaypee Infratech has 2500 hectares of land in five parcels of around 500 hectares each
 "Noida Authority to protect homebuyers in debt ridden Jaypee's project")
