Tag: NBCC

SC asks Amrapali home buyers to clear their dues, warns failure may result in cancellation of flats

The Supreme Court on Friday warned that the flat buyers of Amrapali Group who are not clearing their dues as per the payment plan should...

Jaypee Infra insolvency: Suraksha group submits bid just before lenders meet on Monday

Suraksha group on Monday submitted “improved revised” bid to acquire debt-laden (JIL), offering more funds to banks while reducing timeline to complete some stalled projects...

NBCC to offer more land to dissenting creditors in revised plan to acquire Jaypee Infratech

has offered 1100 acres of additional land valued at over Rs 2200 crore to the dissenting creditors in its revised bid to acquire , people...

jaypee infratech: Creditors’ panel defers voting on Suraksha’s offer for bankrupt-Jaypee Infratech: IRP

Jaypee Infratech’s financial creditors have decided to defer the voting process on Suraksha group’s bid, that was scheduled to start from Monday noon, to acquire...

Jaypee Infra creditors reject NBCC’s bid as non-compliant with IBC

Insolvency bound realty developer ’s Committee of Creditors (CoC) has termed state-run ’s bid for the company non-compliant with the code, as interpreted by the...

Suraksha ARC seeks “fair & unbiased” process in Jaypee Infra insolvency

Suraksha Asset Reconstruction Company, one of the two bidders for Jaypee Infratech under the insolvency procedure, has called upon the troubled real estate developer’s creditors...

Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders

State-owned Ltd has sweetened its bid and will offer up to 1,903 acre land parcels to lenders as against the earlier offer of 1,526 acres...

JP Infra resolution: Lenders uncomfortable with land bank offer in JP Infra resolution

Lenders to the bankrupt Jaypee Infratech are uncomfortable with both bidders offering land instead of cash as part of the resolution plan and have asked...

Realty sector sinks deeper into crisis this year; builders look to 2021 with hopes of demand revival

New Delhi: India’s real estate industry has been trying to get back on its feet ever since the 2016 note ban laid the sector low...