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Jaypee debt News

06 Sep 2019

NBCC agrees to submit revised plan on Jaypee project

The top court directed NBCC to submit the salient features of the revised plan in a sealed cover at the next date of hearing.

23 Aug 2019

SC extends status quo on Jaypee insolvency resolution

On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.

29 May 2019

Adani submits non-binding bid for Jaypee Infra

Adani has promised to infuse another Rs 1,000 crore in two equal tranches of Rs 500 crore each to settle claims of workmen as well as secured and unsecured financial creditors, besides meeting cost for insolvency proceedings.

18 May 2019

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.

Jaypee Infratech

14 May 2019

Jaypee Infratech creditors decide to put on vote NBCC's revised bid

A Committee of Creditors (CoC) met on Tuesday and took this decision even as NBCC Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer.

Jaypee Infratech

10 May 2019

Jaypee Infratech: Lenders seek clarification from NBCC on revised bid

The Committee of Creditors (CoC) met Thursday to discuss NBCC's revised offer after it rejected the bid of Mumbai-based Suraksha Realty on May 3 through a voting under the insolvency proceedings.

02 May 2019

Charged with govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government. The lenders had approved voting on a rival bid from Mumbai-based Suraksha Realty, backed by Sudhir Walia of Sun Pharma group.

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