Stay updated with breaking news from Jaypee Case. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
YEIDA, which had entered into a Concession Agreement with Jaypee in February 2003, had filed claims for ₹6,111.59 crore, mainly on account of pending works and External Development Charges (EDCs), unexecuted external development works and other future works.
Noida: Jaypee homebuyers have been waiting for their houses for more than a decade. They are being asked to wait some more. The insolvency resolution process that aims to complete the nearly 20,000 houses that Jaypee Infratech Limited (JIL) was to deliver at its sprawling township, Wish Town, in Noida will stretch longer. Interim resolution professional (IRP) Anuj Jain has applied to the Supreme Court for a 30-day time extension to allow public sector company NBCC – which is one of the two players in the fray to take over JIL – to file a proposal that is compliant with the Insolvency and...