The Jaypee group's two holding companies Jaiprakash Associates Ltd and Jaypee Infratech Ltd are facing insolvency proceedings
Efforts are in place as part of its Rs 100 bn proposal to revive the bankruptcy-hit real estate firm
Supreme Court extended the time from October 27 to November 5 for the company to deposit Rs 2000 crore.
The apex court, however, extended the time from October 27 to November 5 for the company to deposit Rs 2,000 crore
Jaiprakash Power Ventures up 8% at Rs 4.97, after hitting high of Rs 5.28 on BSE in intra-day trade
Company was replying to an explanation sought by the BSE on media reports
Group fails to service loans with internal accruals, defaults
Thus far in 2016, JP Associates, Jaypee Infratech and JP Power Ventures were down between 40%-52%