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NCLT & IBC Committee PHDCCI organised a Roundtable on Recent NCLT Judgment in the Case of Jaypee Infratech Ltd. at PHD House, New Delhi NCLT & IBC Committee PHDCCI organised a Roundtable on Recent NCLT Judgment in the Case of Jaypee Infratech Ltd. PHDCCI was represented by Mr. GP Madaan, Chair, NCLT & IBC Committee along with Co-Chairs Mr. Abhishek Anand and Mr. Karan Mehra. Experts from the legal fraternity had a detailed discussion on the nuances of the judgment. The experts participated and deliberated on ramifications of the judgment.   Suraksha Realty, a ray of hope for more than 20,000 dejected homebu...
NCLT & IBC Committee PHDCCI organised a Roundtable on Recent NCLT Judgment in the Case of Jaypee Infratech Ltd. at PHD House, New Delhi
NCLT & IBC Committee PHDCCI organised a Roundtable on Recent NCLT Judgment in the Case of Jaypee Infratech Ltd. at PHD House, New Delhi
Source: PR Agency
23/03/2023 2:18:20 PM
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld) In a relief to over 20,000 homebuyers, the National Company Law Tribunal (NCLT) on Tuesday approved the Mumbai-based Suraksha Group's bid to buy Jaypee Infratech Ltd. A two-member principal bench of NCLT headed by president Ramalingam Sudhkar approved the resolution plan, after concluding the hearing and reserving the order in November last year. The Suraksha Group had proposed to complete around 20,000 flats in Noida and Greater Noida, which came as a relief to homebuyers who have ...
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld)
Relief for 20K homebuyers as NCLT approves Suraksha Group`s bid to acquire Jaypee Infratech (Ld)
Source: IANS
8/03/2023 9:34:21 AM
Poor resolution rates but superior value realisation of Real Estate sector in IBC: Report While real estate comprises just 5 per cent of all cases under Insolvency & Bankruptcy Code (IBC), its resolution rate is among the lowest. On the other hand, IBC has driven superior value realisation by financial creditors in real estate - with this class of creditors realising 66 per cent of the admitted claims as compared to just 31 per cent of admitted claims realised in other sectors, said a joint report by real estate consultants Anarock and law firm Khaitan & Co. Shobhit ...
Poor resolution rates but superior value realisation of Real Estate sector in IBC: Report
Poor resolution rates but superior value realisation of Real Estate sector in IBC: Report
Source: IANS
6/12/2022 4:47:34 PM
Jaypee Infra: NBCC, Suraksha get time till June 4 to submit revised bids In a relief for the state-run NBCC, the Committee of Creditors (CoC) of Jaypee Infratech (JIL) has given more time to NBCC and Suraksha group for submitting revised resolution plans to acquire the bankrupt company. Both the applicants will now have to submit fresh bids by June 4. Subsequently, the voting on Suraksha's bid on May 28 was cancelled. The voting over allowing both the companies to submit revised bids was conducted on May 27-28. The CoC had approved the Suraksha gro...
Jaypee Infra: NBCC, Suraksha get time till June 4 to submit revised bids
Jaypee Infra: NBCC, Suraksha get time till June 4 to submit revised bids
Source: IANS
29/05/2021 2:32:18 PM
Jaypee Infra CoC defers voting on Suraksha`s bid The Committee of Creditors (CoC) of Jaypee Infratech (JIL) has deferred the voting process on the resolution plan of Suraksha ARC till Friday, May 28, sources said. The decision was taken by the committee in a meeting on Monday to discuss whether NBCC's resolution plan should be considered. The voting on the Suraksha group's bid was scheduled to start at 12 p.m. on Monday and go on till 5 p.m. on Thursday. According to sources, the CoC will meet on May 28 to decide on giving mor...
Jaypee Infra CoC defers voting on Suraksha`s bid
Jaypee Infra CoC defers voting on Suraksha`s bid
Source: IANS
24/05/2021 3:00:04 PM