Mantra Properties & Developers and Solitaire group are among the three companies which have submitted their bids to acquire Pune-based listed realty firm D S Kulkarni Developers through the insolvency process. In...
Creditors decide to put NBCC, Suraksha’s Jaypee Infra bids to vote from Monday
Jaypee Infratech’s creditors have accepted the resolution plans of NBCC and the Suraksha Group for the bankrupt developer and decided to put both offers to vote next week to select the winner, people with direct...
Jaypee Infra insolvency: IRP seeks extension of process from SC till July 7
Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the Supreme Court seeking extension of timeline for completion of its resolution process till the first week of...
Suraksha submits revised Jaypee Infra bid prior to creditors’ meet
The Suraksha Group has offered to deposit Rs 300 crore immediately if Jaypee Infratech’s creditors approved its bid so that construction work of the bankrupt developer’s stuck projects can resume without waiting for the...
SoftBank-backed Katerra files for chapter 11
SoftBank Group Corp.-backed construction company Katerra Inc., which ran into problems trying to shake up the building industry, has filed for chapter 11 bankruptcy protection in the U.S. In the filing made Sunday...
Suraksha Group seeks more time to submit final bid for Jaypee Infratech
Suraksha Group has sought at least seven days’ extension to submit an “improved revised” bid to acquire debt-laden Jaypee Infratech Ltd (JIL) through insolvency as it is exploring ways to sweeten its...
Jaypee Infra case: NBCC, Suraksha get more time to submit final bids
Financial creditors of embattled Jaypee Infratech have decided to give more time to state-owned NBCC and Suraksha group to submit their final bids to acquire the realty firm through the insolvency process. The two-day...
Jaypee Infratech case: Erstwhile promoter JAL demands CoC to consider its offer
Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any “haircuts” should be considered by the creditors’ panel, which is set to...
Vonovia to make agreed $22 billion takeover offer for Deutsche Wohnen
Europe’s largest residential property group Vonovia SE said it agreed to take over its closest German rival Deutsche Wohnen for about 18 billion euros ($22 billion) to better shoulder future investments in heat...
Jaypee case: Suraksha objects to scheduled CoC meet to discuss NBCC offer; warns of legal action
Realty firm Suraksha group on Sunday strongly objected to the creditors’ panel of bankrupt-Jaypee Infratech to consider fresh submissions by NBCC and warned of appropriate legal action against lenders as well as...
Jaypee insolvency case: NBCC may move Supreme Court against decision to reject its bid
State-owned NBCC might approach the Supreme Court against the creditors’ panel decision to declare its offer to acquire Infratech as non-compliant with certain provisions of the insolvency law. According to...
Jaypee Infra creditors reject NBCC’s bid as non-compliant with IBC
Insolvency bound realty developer Jaypee Infratech’s Committee of Creditors (CoC) has termed state-run NBCC’s bid for the company non-compliant with the code, as interpreted by the Supreme Court’s recent judgment, with...
