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Latest Articles in Suraksha Group

Jaypee Infra: IRP Files Application Before SC Seeking Extension Of Insolvency Process Till July 7

The apex court had also directed that the resolution process be completed in 45 days, which lapsed on May 8.

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Jaypee Infra Insolvency: Suraksha Group Submits Bid Just Before Lenders Meet On Monday

Improving the offer, Suraksha has now promised to issue NCDs (non-convertible debentures) worth Rs 1,200 crore to banks, taking its total offer to nearly Rs 7,800 crore.

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Jaypee Infratech Case: Erstwhile Promoter JAL Demands Coc To Consider Its Offer

JAL had offered to make repayment of fixed deposits and outstanding dues of YEIDA (Yamuna Expressway Industrial Development Authority) in full, as per the plan that was submitted to the apex court in 2019.

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Jaypee Infra Insolvency: NBCC, Suraksha Sweeten Bids; Offer More Lands To Lenders

NBCC has provided an additional 377-acre land in case dissenting financial creditors are not satisfied with its original offer of 1,526 acre, taking its total offer to up to 1,903 acre.

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Jaypee Infratech Insolvency: Lenders Ask NBCC, Suraksha Group To Improve Bid, Seek More Land Parcels

NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.

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NBCC, Suraksha Group Submit Revised Bids For Jaypee Infratech

Buyers have 57.66 per cent voting rights, fixed deposit holders 0.13 per cent and lenders 42.21 per cent. For a bid to be approved, 66 per cent votes are required.

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NBCC, Suraksha Group Submit Revised Bids To Acquire Jaypee Infratech Through Insolvency

The NBCC got approval from the National Company Law Tribunal (NCLT) to acquire Jaypee Infratech and complete around 20,000 pending flats over the next three and half years.

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