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Home > NBCC
NBCC
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.

The CoC rejected the bids of Suraksha Realty and NBCC in the second round held in May-June this year.
Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids
03 Dec 2019 7:33 PM

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

NBCC Ltd is also actively considering offering more land to lenders and reduce timeline for completion of about 20,000 flats.
Jaypee Infra case: Suraksha may offer more cash, land to lenders
02 Dec 2019 6:27 PM

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

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.

The top court said if NBCC, whose two proposals have been rejected earlier by lenders of the defaulting Jaypee group, is not willing to submit a revised plan, then it may look for other alternatives.
SC seeks revised plan from NBCC on completing stalled Jaypee group projects
03 Sep 2019 7:18 PM

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its reply by September 5.

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.

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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