NBCC, Suraksha submit fresh resolution plans for Jaypee Infra
By IANS |
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New Delhi, April 8 : State-run construction major NBCC Ltd, and Suraksha Realty have submitted fresh resolution plans for Jaypee Infratech.
The Committee of Creditors (CoC) are scheduled to meet on April 12 to discuss both the resolution plans. This is the fourth time that both the companies have submitted their bids for the bankrupt company.
The development comes after the Supreme Court on March 24 extended the timeline for the resolution of Jaypee Infratech Ltd (JIL) by another 45 days and directed the interim resolution professional to invite fresh bids from NBCC and Suraksha Realty.
SC rejects NBCC s resolution plan for Jaypee Infratech, allows 2 fresh bids timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Construction work on stuck Knight Court project of Jaypee Greens resumes
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Synopsis
Knight Court is among the five projects at Wish Town that are promoted, sold, and developed by JAL, not Jaypee Infratech Ltd, which is in insolvency resolution.
(Representational image)
Construction work at Jaypee Greens Knight Court has started as the Real Estate Regulatory Authority (RERA) of Uttar Pradesh authorised realty developer Jaypee Associates Ltd to complete the stalled Jaypee Greens Knight Court project in Noida in co-operation with Association of Allottees.
Knight Court is among the five projects at Wish Town that are promoted, sold, and developed by JAL, not
The RERA rule that gives hope to homebuyers stuck with real estate projects
This model of homebuyers taking over stuck projects is becoming popular and once some of the projects do get completed, it could become a test case for other projects to emulate
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Hundreds of buyers had invested in a project located along the Yamuna Expressway way back in 2011, paying a total amount of Rs 100 crore of which 10 percent was paid by the builder to the authority. Work on the project stalled in 2015. Two years ago, a group of buyers decided to approach Uttar Pradesh Real Estate Regulatory Authority (UPRERA).
Garbage processing plant: Chandigarh MC to take up upgradation, agenda to be considered in House next week
“Overall, it is observed that the plant was constructed in 2008 as per MSW 2000 guidelines. Now it is mandatory to follow SWM 2016 Rules, which require segregated waste collection and processing, stated the report. December 21, 2020 2:52:03 am
The Garbage Processing Plant in Sector 25 (W) was set up in the 2008, and was being operated by M/s JayPee Associates. The civic body took possession of the plant in June 2020. (Representational)
The Chandigarh Municipal Corporation has decided to upgrade the recently acquired garbage processing plant located at Dadumajra. The agenda will come up in the General House meeting scheduled next week.