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Jaypee Infratech News

Income Tax department

10 Apr 2023

IT Dept Challenges NCLT Order Approving Suraksha Group' Bid For Jaypee Infra

The department's petition is the fourth plea filed by an entity against the NCLT order passed on March 7.

06 Nov 2019

SC orders Suraksha, NBCC to submit proposal in Jaypee Infratech case

The court passing the order in extraordinary circumstances said that JP Association bidder cannot submit its proposal. A bench of Justices A. M. Khanwilkar and Dinesh Maheshwari turned down the Jaypee group plea for participating in the auction of its debt-ridden group firm, Jaypee Infratech Ltd (JIL).

India real estate

09 Jul 2019

SC asks Centre to examine ways to protect homebuyers

A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).

Jaypee Infratech

21 Jun 2019

Jaypee Infratech creditors meet to take stock of insolvency process

In the voting process that concluded on June 10, majority of banks voted against NBCC's bid to acquire the debt-laden firm. Most homebuyers voted in favour of the NBCC bid.

Jaypee Infratech

11 Jun 2019

Lenders vote against NBCC's bid to acquire Jaypee Infratech

The development comes hours after the National Company Law Appellate Tribunal (NCLAT) clarified that it has not barred lenders from voting against NBCC's resolution plan.

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.

Jaypee Infratech

07 May 2019

Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension

IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to find a buyer for the Jaypee group's realty firm.

Jaypee Infratech

24 Jan 2019

Jaypee Infratech lenders extend deadline till February 15 for resolution plans

Jaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 units.

Jaypee Infratech

28 Dec 2018

Jaypee Infra: Lenders, home buyers approve evaluation criteria for bankruptcy

State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech.

Jaypee Infratech

17 Sep 2018

Another independent director of Jaypee Infratech resigns; 4th in last one week

Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.

09 Aug 2018

SC asks NCLT to deal with insolvency proceedings against Jaypee group

A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.

Jaypee Infratech

10 May 2018

Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep

Debt-ridden Jaypee Infratech has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI.

Jaypee Infratech

23 Apr 2018

Lender tears into Jaypee Infra bid evaluation process, calls for fair review

IIFCL, in a letter to the resolution professional, tore into its valuers assuming a much less toll collections from Jaypee-built expressway.

Jaypee Infratech

27 Oct 2017

Jaypee Infra insolvency: IRP floats EoI for resolution plans

NCLT has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code.

13 Oct 2017

LIC Housing moves NCLT to recover Rs 31 crore loan from DB Realty

In the Delhi-NCR property market, insolvency proceedings have started in Jaypee Infratech and Amrapali group company.

Jaypee insolvency case

18 Sep 2017

SC allows homebuyers to intervene in Jaypee insolvency matter

The home buyers in their plea had sought a direction to the government and others that this code "shall not curtail the legal statutory and vested rights of the flat owners/ buyers as consumers" defined under Consumer Protection Act.

Jaypee Infratech

11 Sep 2017

SC asks IRP to take over Jaypee management; directs company to deposit Rs 2000 crore

It also restrained the Managing Director and Directors of Jaypee Infratech, a sister company of Jaypee associates, from travelling abroad without its prior permission.

Jaypee Infratech

11 Sep 2017

SC asks Jaypee Infratech to deposit Rs 2000 crore

SC has restrained the managing director and directors of Jaypee Infratech from leaving country without its permission.

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