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Suraksha Group's resolution plan for Jaypee Infratech Limited (JIL) approved by NCLAT, paving the way for construction on stalled projects in Noida. Update on payments for farmers' compensation and progress on ongoing projects included. ....
Suraksha Group s resolution plan for Jaypee Infratech Limited (JIL) approved by NCLAT, paving the way for construction on stalled projects in Noida. Update on payments for farmers compensation and progress on ongoing projects included. ....
Relief likely for 18,000 homebuyers as Suraksha group set to take over Jaypee Infra next week indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
Supreme Court NOIDA: For some 17,000 buyers of Jaypee Wish Town, the wait for a resolution is getting longer. The Supreme Court reserved its judgment in the case on October 8, 2020. Four months since then, buyers have been waiting for an order that could help in the completion of the flats. The top court took over the case after state-owned NBCC had moved the National Company Law Appellate Tribunal challenging the insolvency resolution at the National Company Law Tribunal over financial obligations, which include a security deposit of Rs 750 crore made by Jaiprakash Associates Limited (JAL) as security in favour of their subsidiary, debt-ridden developer Jaypee Infratech Limited (JIL). ....
NOIDA: For some 17,000 homebuyers of Jaypee Wish Town, the wait for a resolution might stretch into 2021 as the courts are set to close for winter break next week. “Over the past few days, we have been discussing this issue at video conferences. In its October 8 hearing, the Supreme Court had reserved its judgment. Now that the courts are closing for winter break next week, the pending issue of construction of the remaining flats will only be resolved in 2021,” said Ashish Mohan Gupta, a buyer. Jayshree Swaminathan, another buyer, said, “Since our case has been heard by the Supreme Court, we are sure of an order. We hope it comes in December as only a week is left for the court to close for winter break. It has been a very long wait for the buyers and 2021 will be a decisive year.” ....