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In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR. The takeover follows
India News: The National Company Law Tribunal has ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL). This action comes six
The Allahabad High Court single bench of Justice Shekhar B. Saraf held that if the High Court appoints the arbitrator under Section 11 of the Arbitration Act, it has the jurisdiction to entertain...
YEIDA is constructing its headquarters in Sector 18, Noida at a cost of Rs 350 crore. The office will feature sustainability and green principles, including solar roofing and renewable energy sources. Construction is expected to start by September and be completed within 12 to 18 months.
SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.