As many as 13 banks and over 23,000 home buyers have voting rights in the CoC. Buyers have nearly 60 per cent votes. For the bid to be approved, 66 per cent votes are required.
This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year
The crisis-hit subsidiary of Jaiprakash Associates has an outstanding debt of nearly Rs 9,800 crore
In the order, the tribunal also directed the YEIDA to ensure that the development work is not obstructed by the Noida development authority.
Top court to next hear the matter on October 4, seeks govt suggestion on how GST will be charged
The Bench posted the matter for further hearing on Thursday and extended the status quo order till then
Forensic audit report be given to ED, Delhi police, ICAI in Amrapali case: SC
The company's order book at Rs 68,000 crore on the standalone level and Rs 85,000 crore at the consolidated level means more than eight years of revenues visibility
A segment-wise breakup of NBCC's order book shows that close to 95 per cent comprises PMC, the remaining five per cent is EPC and real estate combined
Court seeks homebuyers', Unitech's response over plan, to next hear the matter on August 9
In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group
Derivative strategy by Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities.
NBCC and Suraksha Group are in race to acquire bankruptcy-bound realty firm Jaypee Infratech
If NBCC gets Jaypee, we will deliver houses in three years, says NBCC CMD Anoop Kumar Mittal
The declining margin trajectory of the firm is one reason for caution
NBCC will complete the 50-acre project in the next 24 months, the company said in a statement
Two of the three colony redevelopment projects, delayed because of environmental concerns, have now been cleared
The project has been awarded to NBCC by the Union Ministry of Health and Family Welfare under the Pradhan Mantri Swasthya Suraksha Yojana
As India inches towards being the third largest economy in the world by 2030, NBCC is well placed for a quantum jump in line, he added
Analysts expect execution to gain pace; government stake sale a near-term overhang