State-owned NBCC and Suraksha group, which are on the fray to acquire Jaypee Infratech Ltd (JIL) through an insolvency resolution process, have submitted their revised bids and have also clarified issues raised by...
Suraksha group objects to extension for submission of bids for JIL
Mumbai-based realty firm Suraksha group, which is in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), has written to financial creditors and objected to the extension of the deadline for submissions of bids...
Jaypee Infra Insolvency Case: NBCC, Suraksha asked to submit revised bids by Tuesday
State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday. According to sources, a meeting of the Committee of Creditors (CoC)...
Jaypee Infra insolvency: Financial creditors meet on May 15 to discuss bids
Lenders and homebuyers of Jaypee Infratech Ltd (JIL) will meet on May 15 to discuss the revised bids submitted by state-owned NBCC and Suraksha group to acquire a debt-laden realty firm through the insolvency process...
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids
State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors. According to...
Blackstone acquires Embassy Industrial Parks for Rs 5,250 crore
Private equity major Blackstone Group has acquired Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Warburg Pincus and Embassy Group in the largest yet logistics and warehousing deal in the...
Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedings
Construction firm Ahluwalia Contracts has entered into a settlement agreement and resolved the payment issues with its operational creditor, A2 Interiors Products Pvt Ltd, and is filing an application to withdraw the...
NCLT initiates insolvency proceedings against Ahluwalia Contracts
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm Ahluwalia Contracts India for defaulting on payments to an operational creditor. The New Delhi-based NCLT bench...
NCLT admits insolvency resolution plea against Kumar Urban Development
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted JM Financial Trustee Company’s insolvency resolution plea against Kumar Urban Development and appointed Atul Jain as the interim resolution...
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders
State-owned NBCC Ltd has sweetened its bid and will offer up to 1,903 acre land parcels to lenders as against the earlier offer of 1,526 acres to acquire Jaypee Infratech through the insolvency process. Earlier this...
Jaypee Infratech insolvency: Financial creditors to meet on Apr 29 to discuss NBCC, Suraksha bids
Financial creditors of debt-ridden Jaypee Infratech will meet on April 29 to discuss the resolution plans submitted by state-owned NBCC and Suraksha group to acquire the realty firm through an insolvency process. In a...
Reliance all set to buy iconic British Country Club Stoke Park for 60 mn pounds
The epic duel between James Bond and Auric Goldfinger is still among the most fierce game of golf in cinematic history. Fifty years later, the setting of that golf green in Stoke Park has barely changed. But soon, its...
