Anuj Jain was appointed as an interim resolution professional (IRP) to conduct insolvency process and also manage the affairs of the company.
Sources said neither is offering any penalty to homebuyers whose houses has been delayed
The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids, say sources
NBCC and Suraksha might be asked to submit their final plans after the next CoC meet on November 28 and voting process could be conducted before December 10
According to sources, as per the tentative timeline set in the CoC's meeting on Monday, both the bidders -- NBCC and Suraksha Realty -- would have to submitted their final resolution, if any, by Dec 3
Jaypee Infratech owed nearly Rs 10,000 crore to bankers
The crisis-hit subsidiary of Jaiprakash Associates has an outstanding debt of nearly Rs 9,800 crore
Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm
In the order, the tribunal also directed the YEIDA to ensure that the development work is not obstructed by the Noida development authority.
Jaypee Infratech went into insolvency in August 2017 after the National Company Law Tribunal (NCLT) admitted an application filed by an IDBI Bank-led consortium
Jaiprakash Associates was ordered to return 858 acres to Jaypee Infratech
The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal
It has also directed the RP and the Committee of Creditors of the company to finish the entire process of selecting new bidders
Jaypee Infratech went into insolvency in 2017 after the NCLT admitted an application by an IDBI Bank-led consortium seeking resolution of the firm
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
Appellate tribunal reserves order on extending CIRP time of JIL, likely to pronounce order on July 29.
Builder-buyer agreements not to suffer any changes; tribunal says will hear banks on July 22 on exclusion of 250 days from CIRP process
In its hearing Wednesday, the appellate tribunal has suggested some guidelines for new terms and conditions
Top court defers hearing to July 11, says such policy issues should be solved by Centre
NCLAT calls stakeholders on July 17 to discuss NBCC plan again, says no other plan should be considered for now