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Latest Articles in jaypee infratech

Jaypee Infra Insolvency: IRP Anuj Jain Files Suraksha Group's Resolution Plan With NCLT

JIL went into Corporate Insolvency Resolution Process (CIRP) in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium.

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UP Govt Trying To Resolve Issues Of Stalled Projects In Noida, Greater Noida: Mahana

The infrastructure and industrial development minister said the state government has received various suggestions to resolve the issues and those are being examined to protect homebuyers' interest.

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Jaypee Infratech Shares Decline Nearly 5 % After Earnings Announcement

Jaypee Infratech clocked a net loss of Rs 1,963.39 crore, as against Rs 2,250.09 crore in the previous year.

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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 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 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 Insolvency Case: Creditors' Panel Approves Suraksha Group's Offer; Rejects NBCC Bid

NBCC's plan was approved by the CoC and the NCLT in the third round of bidding process held in late 2019 and early last year.

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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: 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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Jaypee Infra Insolvency: Lenders Ask NBCC To Take Govt, Regulatory Nod On Resolution Plan

NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire debt-laden 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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