Page 4 - Jaypee Infratech

How JP Morgan colluded with Amrapali Group to divert funds, dupe homebuyers

JPMorgan invested around Rs 85 crore in an Amrapali Group company's shares and later sold them to an office boy and nephew of the auditor for Rs 140 crore

Jaypee Infra promoters propose to repay all lenders, complete projects

Appellate tribunal reserves order on extending CIRP time of JIL, likely to pronounce order on July 29.

NCLAT suggests terms for fresh bidding in Jaypee Infra case, shields buyers

Builder-buyer agreements not to suffer any changes; tribunal says will hear banks on July 22 on exclusion of 250 days from CIRP process

Jaypee insolvency: NCLAT asks IDBI Bank to list new terms for fresh bidding

In its hearing Wednesday, the appellate tribunal has suggested some guidelines for new terms and conditions

Bring uniform proposal outside IBC to solve Jaypee homebuyers' woes: SC

Top court defers hearing to July 11, says such policy issues should be solved by Centre

Jaypee Infra resolution back on drawing board as banks reject NBCC bid

NCLAT calls stakeholders on July 17 to discuss NBCC plan again, says no other plan should be considered for now

Jaypee Infra insolvency: NCLAT tells lenders, allottees to appear on Jul 17

It directed the Committee of Creditors to produce a gist of the resolution plan submitted by NBCC and objections they have with regard to the plan

Jaypee Infratech creditors to meet on June 20 to decide future course

NCLAT had clarified on June 10 that it did not bar lenders from voting against NBCC's resolution plan

Wait gets longer for more than 25,000 homebuyers of Jaypee Infratech

With lenders reportedly turning down the NBCC bid, the projects will now head for a fourth round of bidding

Debt-laden Jaypee Infratech's lenders turn down NBCC's takeover bid

Apart from NBCC India, the Adani group also reportedly made an unsolicited, non-binding bid to acquire Jaypee Infratech

Jaypee Infratech RP likely to submit lenders' voting pattern to NCLAT

Earlier on Monday, the NCLAT had asked the RP to place before it and not the National Company Law Tribunal (NCLT) the decision of the Committee of Creditors (CoC)

Lenders vote against NBCC's bid to acquire debt-laden Jaypee Infratech

As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors (CoC) of Jaypee Infratech

Jaypee Infratech case: NCLAT says banks can vote against NBCC proposal

The appellate tribunal also clarified that while declaring the results, votes of the absentees would not be counted in the total voting percentage

Jaypee Infratech homebuyers must be treated as one class, says NCLT

The matter was referred to a third judge by NCLT chairperson after two Allahabad NCLT gave differing views on voting rights of financial creditors in CoC meetings

Jaypee Infra insolvency: Lenders seek NCLAT's nod to vote against NBCC bid

In their prayer, lenders have also pleaded that Jaypee Infratech's Interim Resolution professional (IRP) Anuj Jain and the CoC should be allowed to explore other alternatives

Lenders to vote on NBCC offer for insolvent Jaypee Infratech from Friday

NBCC has promised to complete by July 2023 all the apartments Jaypee was to develop

Adani makes non-binding bid for Jaypee Infra; ready to infuse Rs 1,700 cr

Adani has promised to infuse another Rs 1,000 cr to settle claims of workmen, secured and unsecured financial creditors, besides meeting the cost for insolvency proceedings

Debt-ridden Jaypee Infratech's Rs 1,402-crore net loss narrows in FY19

Its net loss stood at Rs 1,920.78 crore in the financial year 2017-18

Adani offers lenders Rs 500 cr upfront in fresh bid for Jaypee Infratech

CoC will take a call on May 30. Adani has also offered 1,000 acres to lenders and Rs 1,700 cr to build houses for home owners. Of the Rs 500 cr, lenders would get Rs 23 cr as cash payment

Jaypee Infratech's creditors to discuss NBCC acquisition bid on May 30

Earlier this month, creditors rejected a bid by Mumbai-based Suraksha Realty through a voting process