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Latest from jaypee infratech

NCR real estate news: Work on 41 towers of Jaypee Wish Town resumes

NCR real estate news: The contracts for 56 towers will be awarded in the coming months, with Suraksha Group on track to meet the timelines

Suraksha Group will infuse around <span class='webrupee'>₹</span>8,000 crore to complete and deliver these 20,000 apartments in the next two to three years. (Virendra Singh Gosain/HT PHOTO)
Updated on Aug 24, 2024 06:14 AM IST
By, Noida

Supreme Court slams Noida authorities for ignoring homebuyers

The Supreme Court rued that the authorities in Noida prioritised the recovery of dues from developers over the interests of those who had invested in homes

The bench directed YEIDA to submit records of schemes and regulations it has framed and implemented to ensure the protection of homebuyers’ interests. (Sanchit Khanna/HT photo)
Updated on Aug 24, 2024 03:00 AM IST
By, New Delhi

Yeida to meet Suraksha Group in a month to iron out farmer compensation issue

After the meeting, it was decided that a consultant will study the resolution plan of Suraksha Group, which is set to take over Jaypee, and will suggest a suitable way to address the issues related to the matter

The meeting was called after the National Company Law Appellate Tribunal (NCLAT) directed both parties to resolve the compensation issue. (Photo for representation)
Updated on Apr 27, 2023 11:59 PM IST

‘Best Holi gift’: Over 20,000 homebuyers welcome Jaypee Infratech takeover

Around 20,000 homebuyers have been waiting for over a decade to take possession of homes as JIL failed to deliver flats as per the stipulated time frame, citing a financial crisis in the company.

JIL was to deliver flats from 2012 in its project Wish Town located in Noida’s sectors 128, 129, 130, 131 and 132, among others, but failed to do so claiming that the company was bankrupt. (HT Archive)
Updated on Mar 08, 2023 04:36 AM IST
By, Noida

SC orders swift completion of insolvency proceedings of Jaypee Infratech

More than 20,000 flats in a Noida project were yet to be completed by the JIL when the insolvency proceedings began for the real estate firm in August 2017

 (Representational image)
Updated on Nov 23, 2021 02:54 AM IST
By, Hindustan Times, New Delhi

Relief for 20k homebuyers as Suraksha group gets nod to buy Jaypee Infratech

A successful resolution of JIL will provide big relief to over 20,000 homebuyers across various housing projects launched by the realty developer in Noida and Greater Noida (Uttar Pradesh).

Unfinished buildings, abandoned part way through construction, stand in a property development at Wish Town, a project by developer Jaypee Infratech Ltd., in Noida. (Bloomberg File)
Published on Jun 23, 2021 08:27 PM IST
PTI | , New Delhi

Jaypee projects: Supreme Court seeks revised proposal from state-run NBCC

The SC had on August 22 ordered status quo for a week on the insolvency proceedings after Jaypee challenged National Company Law Appellate Tribunal’s order allowing the fresh bidding for Jaypee Infratech.

A Supreme Court bench issued notice to NBCC in the Jaypee group case on September 3, 2019.(Amal KS / HT PHOTO)
Updated on Sep 03, 2019 02:40 PM IST
New Delhi | ByHT Correspondent

Jaypee Infratech home buyers may stop paying EMIs

IDBI Bank, the prime lender to JIL, which has around 18 per cent vote share is already against the bid on the ground of the resolution plan being “conditional”.

The bid would require 66 per cent votes in its favour to make the cut and acquire the insolvent realty company.(HT Photo)
Updated on Jun 09, 2019 06:27 PM IST
New Delhi | ByIndo Asian News Service

Panel of creditors votes against forensic audit of Jaypee accounts

Jaypee Infratech Limited Committee of Creditors (COC) rejected the demand of a forensic audit of accounts of the company, in a voting, the results for which were announced on Tuesday.

Jaypee is yet to deliver around 20,000 flats in Wish Town (above) and Jaypee Aman projects.(Virendra Singh Gosain/HT Photo)
Published on Feb 27, 2019 03:36 AM IST
Hindustan Times, Noida | By

Disappointed Jaypee buyers say there is no end to their wait

Maintaining that they have already spent ₹1.5 crore on legal cases in the last one year but were unable to get speedy justice, buyers claimed their time will again be wasted with the fresh bidding process.

Jaypee Infratech has failed to deliver around 20,000 flats in its Wish Town and Jaypee Aman projects.(Sunil Ghosh/ HT File Photo)
Published on Aug 10, 2018 02:46 PM IST
Hindustan Times, Noida | By

Treating stranded homebuyers as financial creditors is a fair, brave decision | Opinion

Hapless homebuyers left without apartments by debt-stressed builders will have their status raised to that of financial creditors. That’s highly unusual by global standards. It’s a bold innovation, worthy of emulation by other rapidly urbanising economies.

Jaypee Infratech Ltd.’s Wish Town near New Delhi, has 25,000 stranded customers. The builder is facing bankruptcy.(Virendra Singh Gosain/HT PHOTO)
Updated on Jun 11, 2018 12:20 PM IST
Bloomberg | ByAndy Mukherjee

NCLAT admits banks’ petition over Jaypee Infratech land

The NCLAT was hearing the appeal over the order of the Allahabad bench of the NCLT, which had asked debt-ridden Jaiprakash Associates Ltd to return nearly 760 acres of land to its subsidiary Jaypee Infratech.

Tower cranes operate in a residential building construction site at a Jaypee Infratech Ltd project in Noida, Uttar Pradesh.(Prashanth Vishwanathan/Bloomberg)
Updated on May 24, 2018 01:57 PM IST
Press Trust of India, New Delhi | ByPress Trust of India
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