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Latest Articles in nbcc

NBCC Q2 Profit Rises 68% To Rs 72 Cr; Revenue Up At Rs 1,961 Cr

The total income rose to Rs 1,960.91 crore in the second quarter of this fiscal from Rs 1,426.27 crore in the year-ago period

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Banks Show Interest In Funding Stalled Projects Of Amrapali Group: NBCC

More than 42,000 homebuyers, who have been waiting for possession of their dream homes, will be benefited by this progressive initiative

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Creditors To Vote On NBCC, Suraksha Final Offers For Bankrupt-Jaypee Infratech

A meeting of the Committee of Creditors (CoC) was held to discuss the resolution plans of the two contenders -- NBCC and Suraksha -- under the Corporate Insolvency Resolution Process (CIRP).

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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 Infra Case: NBCC, Suraksha Get More Time To Submit Final Bids

The deadline for submission of the final bids is June 4 and resolution plans should be compliant with insolvency law and a Supreme Court judgement on March 24

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JIL Case: Suraksha Reaches Out To Homebuyers, Says Co Should Be First Preference, Not Standby Option

The CoC had rejected NBCC's bid citing non-compliance with certain provisions of the Insolvency and Bankruptcy Code (IBC) and a Supreme Court order, that was passed on March 24, in the JIL case.

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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 Creditors' Panel To Discuss NBCC Offer On Monday; Suraksha Warns Of Legal Action

The sudden meeting of the Committee of Creditors (CoC) was decided upon after NBCC shot off a strongly-worded letter to the Interim Resolution Professional (IRP) Anuj Jain questioning his jurisdiction in rejecting the company's offer for the bankrupt JIL.

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Jaypee Insolvency Case: NBCC May Move Supreme Court Against Decision To Reject Its Bid

NBCC's plan was approved by the CoC and the National Company Law Tribunal (NCLT) in the third round of bidding process held in late-2019 and early-last year.

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Jaypee Infra Insolvency: Financial Creditors Meet On May 15 To Discuss Bids

NBCC is offering up to 1,903 acre, while Surakasha group has proposed over 2,600 acre to lenders.

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Jaypee Infratech Insolvency: NBCC Sweetens Bid, To Offer Up To 1,903 Acres Land To Lenders

The Supreme Court directed completion of Jaypee Infratech's insolvency process within 90 days and ordered that the revised resolution plan to be invited only from NBCC and Suraksha Realty.

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Jaypee Infratech Insolvency: Financial Creditors To Meet On Apr 29 To Discuss NBCC, Suraksha Bids

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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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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