The National Company Law Appellate Tribunal on Tuesday gave four weeks time to businessman Vikram Bakshi for settling his dues with the Housing and Urban Development Corp (HUDCO NSE -1.32 %). According to the HUDCO...
Britain’s Galliford rejects Bovis Homes bid for home building arm
Britain’s Galliford Try plc said on Saturday it had rejected a bid from home builder Bovis Homes Group as the offer was not in the interests of all shareholders. Galliford Try said in a statement that Bovis intended to...
Jaypee Infra insolvency: Creditors’ meet on May 30 to discuss NBCC bid
Debt-laden Jaypee Infratech NSE -2.94 %’s financial creditors, which include bankers and homebuyers, will meet on May 30 to discuss state-owned NBCC NSE 3.92 %’s bid to acquire the realty firm and complete...
Phoenix buys back SEZ stakes from Embassy
Real estate company Phoenix Group has bought back 50% stake in three special economic zones (SEZs) located in Hyderabad from the Embassy Group for an undisclosed amount. The total investment in these projects is around...
Jaypee Infratech lenders start negotiations on NBCC’s bid as per NCLAT order
State-owned NBCC NSE 5.51 % is unlikely to dilute certain conditions, including exemption from tax liability, in its offer for debt-laden Jaypee NSE 0.00 % Infratech but is ready to negotiate on the proposal related to...
NCLAT annuls lenders’ voting on NBCC’s bid to acquire Jaypee Infratech
The National Company Law Appellate Tribunal (NCLAT) Friday annulled voting by homebuyers and lenders on NBCC’s bid to acquire debt-laden Jaypee InfratechNSE -2.56 %, and allowed renegotiation on the offer by May...
Jaypee Infra insolvency: Over 23,000 homebuyers, 13 banks start voting on NBCC’s bid
Homebuyers and lenders of debt-laden Jaypee Infratech Thursday started voting on state-owned NBCC’s bid to acquire Jaypee group’s realty firm and complete the construction of over 20,000 flats. The voting...
NBCC’s revised Jaypee bid put to vote
Debt-stressed Jaypee Infratech’s Committee of Creditors (CoC), in a meeting held on Tuesday, has finally decided to put in the revised bid of state-run NBCCNSE -1.67 % (India) to acquire the realty developer on vote...
NBCC decides not to dilute conditions in revised offer for Jaypee Infratech
NBCCNSE 0.19 % Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer for debt-laden Jaypee InfratechNSE -5.00 % even as lenders have flagged serious concerns...
Interim resolution professional red-flags NBCC’s Jaypee Infratech bid
In a move that might throw a spanner in NBCC’s grand plans of winning the bid for the beleaguered Jaypee Infratech (JIL) projects, Anuj Jain, the interim resolution professional in a letter to the committee of creditors...
Jaypee Infratech insolvency: NBCC offers Rs 20 crore to operational creditors
Seeking multiple concessions for acquiring bankrupt realty firm Jaypee InfratechNSE -2.13 %, state-owned NBCCNSE -0.36 % has offered to pay Rs 20 crore against over Rs 9,712-crore dues of operational creditors...
Jaypee Infra lenders to mull NBCC revised bid on Thursday
The Allahabad bench of National Company Law Tribunal (NCLT) has allowed debt-stressed realty developer Jaypee Infratech’s corporate insolvency resolution process, which was scheduled to come to an end today (Monday), to...
