The UP government is preparing a cabinet note on the terms of the resolution plan submitted by Suraksha Group for the revival of Jaypee Infratech Ltd’s Wish Town project in Noida. More than 20,000 delayed flats are to be completed and handed over to buyers.
The UP government is preparing a cabinet note on the terms of the resolution plan submitted by Suraksha Group for the revival of Jaypee Infratech Ltd’s Wish Town project in Noida. More than 20,000 delayed flats are to be completed and handed over to buyers.
Jaypee Infratech has not been able to finalise its annual accounts for the 2022-2023 fiscal due to the pending appeals which are factors beyond its control, according to the filing. While approving the resolution plan, NCLT ordered setting up of the Implementation and Monitoring Committee (IMC) for giving effect to the resolution plan and payments to financial creditors accordingly.
Flats not delivered on time, years of litigation, mounting expenses — for buyers who purchased flats in Jaypee’s housing projects, their dreams of a home have turned into a nightmare. While another firm was brought on board to take over construction, the finish line is far from close. What went wrong? Dheeraj Mishra finds out
From a volume perspective, there were 1,641 deals -- a drop of more than 20 per cent over 2022 -- the report by consultancy firm Grant Thornton Bharat said.
The lack of liquidity in international markets, volatile market conditions, and cautious investor sentiment were identified as key hindrances to deal activities throughout 2023.
Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach, a report said on Friday. From a volume perspective, there were 1,641 deals — a drop of more than 20 per cent over 2022 — the report by consultancy firm Grant
M&A activities see huge drop in 2023, overall deal values halve to USD 66 billion dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
According to sources, ICICI bank has an exposure of around Rs 3,000 crore in Jaiprakash Associates, which is into many businesses including cement, construction, hotels and real estate.