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Page 5 - Jaypee Infratech

Jaypee Infra lenders start negotiations on NBCC's bid as per NCLAT order

According to sources, lenders have shown reluctance to acquire up to 2,207 unsold flats worth Rs 1,756 crore as proposed by NBCC in its revised offer

Jaypee Infra lenders start negotiations on NBCC's bid as per NCLAT order
Updated On : 23 May 2019 | 2:34 AM IST

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech

Appellate tribunal says Jaypee committee of creditors can renegotiate with NBCC if need be. Voting to resume on May 31.

NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech
Updated On : 17 May 2019 | 11:45 PM IST

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech

The voting process was to end on Sunday and the outcome declared on May 20

NCLAT annuls lenders' voting on NBCC's bid to acquire Jaypee Infratech
Updated On : 17 May 2019 | 4:03 PM IST

NCLAT refuses to stay Jaypee Infratech creditors' voting on NBCC plan

Committee of Creditors are likely to decide on NBCC plan for Jaypee Infratech in a meeting this week.

NCLAT refuses to stay Jaypee Infratech creditors' voting on NBCC plan
Updated On : 14 May 2019 | 10:51 PM IST

NBCC decides against diluting conditions in revised bid for Jaypee Tech

The NBCC's revised bid to acquire Jaypee Infratech and complete the work of over 20,000 flats would be discussed on May 14 by the Committee of Creditors (CoC)

NBCC decides against diluting conditions in revised bid for Jaypee Tech
Updated On : 13 May 2019 | 11:07 PM IST

Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions

Lenders wrote a letter to NBCC late on Friday regarding this matter, they said, adding that the public sector firm has been told to reply by May 13 as the lenders' meet has been fixed for May 14

Jaypee Infratech insolvency: Lenders ask NBCC to withdraw some conditions
Updated On : 11 May 2019 | 10:46 PM IST

Jaypee Infra creditors board to NBCC: Drop conditions, then we'll talk

Lenders and homebuyers would meet again on May 14 to continue the discussion

Jaypee Infra creditors board to NBCC: Drop conditions, then we'll talk
Updated On : 09 May 2019 | 10:43 PM IST

After NBCC makes revised bid, Jaypee's lenders ask for clarification

NBCC was also asked how it will fund the takeover which was answered by its officials. Earlier it's bid was rejected on technical grounds.

After NBCC makes revised bid, Jaypee's lenders ask for clarification
Updated On : 09 May 2019 | 6:45 PM IST

Interim resolution professional red-flags NBCC's Jaypee Infratech bid

CoC to meet on May 9; sources claim third round of bidding likely

Interim resolution professional red-flags NBCC's Jaypee Infratech bid
Updated On : 08 May 2019 | 11:25 PM IST

Jaypee Infratech's IRP says NBCC's bid conditional and non-binding

The Committee of Creditors (CoC) is scheduled to meet on Thursday (May 9) to discuss NBCC's revised offer to acquire debt-laden Jaypee Infratech

Jaypee Infratech's IRP says NBCC's bid conditional and non-binding
Updated On : 08 May 2019 | 5:47 PM IST

Rs 33,000-crore tax hurdle for NBCC's bid for beleaguered Jaypee Infratech

The committee of creditors (CoC) of the debt-ridden developer will meet on May 9 to discuss NBCC's revised bid

Rs 33,000-crore tax hurdle for NBCC's bid for beleaguered Jaypee Infratech
Updated On : 08 May 2019 | 12:20 AM IST

Jaypee Infratech insolvency: NBCC offers Rs 20 cr to operational creditors

While Adani group has shown interest in making bid for Jaypee Infratech, Jaypee group has also submitted a bid for regaining control of its realty firm

Jaypee Infratech insolvency: NBCC offers Rs 20 cr to operational creditors
Updated On : 07 May 2019 | 7:16 PM IST

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

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

Jaypee insolvency: NCLT to hear IDBI's plea on deadline extension on May 21
Updated On : 06 May 2019 | 10:18 PM IST

Jaypee Infratech creditors' panel to discuss NBCC's bid on May 9

The meeting has been called as creditors on Friday rejected the bid of Mumbai-based Suraksha Realty group

Jaypee Infratech creditors' panel to discuss NBCC's bid on May 9
Updated On : 04 May 2019 | 8:41 PM IST

Suraksha's bid to acquire Jaypee Infra fails after creditors reject offer

Under the insolvency proceedings, 41 per cent of the members of the committee of creditors (CoC) voted against the proposal, while 23 per cent were in favour

Suraksha's bid to acquire Jaypee Infra fails after creditors reject offer
Updated On : 03 May 2019 | 8:44 PM IST

Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered

Aggrieved buyers, who have booked flats in Jaypee Infratech projects, also complained that voting process is not being carried out in a fair manner

Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered
Updated On : 02 May 2019 | 8:49 PM IST

After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer

The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government

After govt nod, NBCC asks Jaypee Infratech RP to reconsider offer
Updated On : 01 May 2019 | 10:36 PM IST

We're still interested in acquiring Jaypee Infratech: NBCC to lenders

NBCC said its offer safeguards the interests of bankers as well as homebuyers

We're still interested in acquiring Jaypee Infratech: NBCC to lenders
Updated On : 29 Apr 2019 | 8:54 AM IST

Jaypee Infratech lenders to vote on Suraksha offer next week: Reports

The CoC decided not to consider NBCC's bid as it found the offer to be conditional and subject to approvals from various government departments

Jaypee Infratech lenders to vote on Suraksha offer next week: Reports
Updated On : 27 Apr 2019 | 9:41 PM IST

Fresh bid boosts NBCC confidence to bag beleaguered Jaypee Infratech

State-run infrastructure firm says will deliver the houses to buyers in 3 years if it wins the bid

Fresh bid boosts NBCC confidence to bag beleaguered Jaypee Infratech
Updated On : 27 Apr 2019 | 1:42 AM IST