Page 5 - Jaypee Infratech

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

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

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 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 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.

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)

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