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The insolvency resolution of Jaypee Infratech Limited (JIL) is headed into a decisive couple of weeks, after a process that has stretched for four yea ....
Noida: Jaypee homebuyers have been waiting for their houses for more than a decade. They are being asked to wait some more. The insolvency resolution process that aims to complete the nearly 20,000 houses that Jaypee Infratech Limited (JIL) was to deliver at its sprawling township, Wish Town, in Noida will stretch longer. Interim resolution professional (IRP) Anuj Jain has applied to the Supreme Court for a 30-day time extension to allow public sector company NBCC – which is one of the two players in the fray to take over JIL – to file a proposal that is compliant with the Insolvency and Bankruptcy Code (IBC), 2016. ....
Public sector company NBCC is back in the running for taking over Jaypee Infratech, a little over a week after its bid was rejected as ‘non-compliant ....
Noida: Wish Town buyers have demanded that the committee of creditors (CoC) in the Jaypee Infratech Limited (JIL) insolvency resolution should award a. ....