In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR.
The takeover follows
NCLAT Upholds NCLT Order Jaypee Infra: NCLAT clears Jaypee resolution plan, Suraksha to pay 1.3k cr for farmers | Noida News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
NCLAT upholds NCLT order on Jaypee Infra, asks Suraksha to pay additional Rs 1,300 crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
NCLAT upholds NCLT order on Jaypee Infratech ,asks Suraksha to pay additional Rs 1,300 crore, ET RealEstate indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
JAL s total liabilities, including interest, stand at ₹29,805 crore, with repayment scheduled until 2037. Currently, ₹4,616 crore of this is overdue. The sum comprises a principal of ₹1,751 crore and interest payments of ₹2,865 crore.