Jaypee Infratech
Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm Jaypee Infratech under insolvency process, according to sources.
Jaypee Infra shares jump over 9 pc on CoC nod for NBCC bid
18 Dec 2019 12:44 PM

Shares of Jaypee Infratech were trading 9.26 per cent higher at Rs 1.77 apiece on the BSE.

NBCC and Suraksha Realty took part in the bidding process but their plans were rejected by the lenders.
NBCC, Suraksha Realty submit revised bids for Jaypee Infra
18 Nov 2019 9:33 AM

This will be the third round of bidding process in the Jaypee Infratech insolvency matter.

The Supreme Court, on November 6, directed completion of corporate insolvency resolution process within 90 days for Jaypee Infratech.
NBCC, Suraksha Realty asked to submit fresh bids to acquire Jaypee Infratech
13 Nov 2019 2:29 PM

Lenders of Jaypee Infratech will meet on November 18 to discuss the bids of NBCC and Suraksha Realty.

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha Group, was rejected by lenders.
Jaypee Infratech insolvency: Lenders to meet on Nov 18 to comply with SC direction
13 Nov 2019 9:30 AM

Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore.

NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group.
SC seeks NBCC response on completing stalled Jaypee group projects
03 Sep 2019 1:18 PM

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.
NCLAT extends Jaypee Infratech insolvency period by 90 days
30 Jul 2019 3:03 PM

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

A two-member bench headed by Chairman Justice SJ Mukhopadh-aya asked the Jaiprakash Associates Ltd (JAL) to file written submissions over exclusion of time frame.
Jaypee Infratech offers full payback, project completion in 3 years
23 Jul 2019 5:46 AM

The appellate tribunal reserved its order over exclusion of litigation period from the ongoing Corporate Insolvency Resolution Process (CIRP).

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.
Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding
17 Jul 2019 7:00 PM

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire Jaypee Infratech.
Jaypee Infratech creditors meet to take stock of insolvency process
21 Jun 2019 12:31 PM

Last week, lenders filed a petition before the NCLAT to allow them to vote against NBCC's bid in ongoing insolvency process.

The CoC will meet on May 30 to discuss NBCC's bid.
Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bid
29 May 2019 2:35 PM

As many as 13 banks and 23,000 homebuyers have voting rights in the committee.


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