Jaypee homebuyers ask Suraksha Realty to revise construction timeline in the bid
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Synopsis
An association of allottees of the Garden Isles in the Wishtown project of Jaypee Infratech Limited, which is one of the biggest with 30+ towers and more than 3200 flats, has said that execution period should not exceed 24 months on the outer limit.
(Representational image)
Homebuyers of the housing projects of bankrupt realty developer Jaypee Infratech’s in Noida and Greater Noida have asked the Suraksha Realty to revise the completion timing of the project in the revised bid.
State-run civil engineering enterprise
An association of allottees of the Garden Isles in the Wishtown project of
Noida: The government-backed construction company National Buildings Construction Corporation (NBCC) has sought from the Supreme Court four weeks more to assess whether it needs to submit a fresh and modified resolution plan to the National Company Law Tribunal (NCLT) for the construction of 17,000 flats in Wish Town.
The NBCC application, submitted with the apex court on April 3, also says that it may not submit a fresh resolution plan at the end of four weeks if it finds the circumstances “unviable”.
“It is submitted that the applicant is requesting for an extension of further four weeks’ time to assess the viability and feasibility of submitting a fresh/modified resolution plan for JIL. In case, submitting a plan in the circumstances stated above is found to be unviable, the applicant reserves its rights to not submit any further plans,” the application reads.
Pushpesh Pant
When boys are busy playing with bows and arrows, slingshots and toy guns, girls are routinely gifted with dolls and miniature kitchen sets to encourage them to excel in their stereotyped roles. Even in myths and legends, it is the women who are expected to feed the family and unexpected guests, while the menfolk are away on epic adventures. According to a story in the ‘Mahabharata’, Draupadi somehow managed to cope with this challenge thanks to a magical akshaypatra blessed by Lord Krishna. However, the reputation for glamorous cooking seems to have been the preserve of princes like Bhima and Raja Nala.
Noida: Residents of Jaypee Wish Town staged a protest on Saturday against the developer for raising an “insurance fee”, clubbing it with this year’s q.
Jaiprakash Power Ventures (JPVL) on Tuesday said its board has approved disinvestment of 74% stake in Jaypee Powergrid to Power Grid Corporation of India (PGCIL).Jaypee Powergrid (JPL) is a joint venture of PGCIL and JPVL. The transaction would not fall under related party transactions. The amount of consideration will be informed on execution of share purchase agreement and the transaction is expected to be completed by 31 March 2021.
On a consolidated basis, Jaiprakash Power Ventures reported a net loss of Rs 8.61 crore in Q3 December 2020 as compared to a net loss of Rs 1,816.05 crore in Q3 December 2019. Net sales surged 18.4% to Rs 987.92 crore Q3 FY21 over Q3 FY20.