Jaypee Associates

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.

Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.

The two-judge Bench, headed by NCLAT Chairman SJ Mukhopadhaya, however, barred Jayprakash Associates (JAL), the parent company of JIL, from bidding.

In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee group's promoters Friday apologised to thousands of distressed home buyers and promised to infuse Rs 2,000 crore to complete pending apartments over the next four years.

The Supreme Court today observed that having a house for a family was a "basic human yearning" wherein hard earned money was invested in the hope of obtaining a roof over their heads.

The Supreme Court on Thursday said that the promoters of Jaiprakash Associates cannot bid for Jaypee Infratech, which is facing insolvency proceedings before the National Company Law Tribunal (NCLT).

The top court also allowed RBI to direct banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited.

Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.

The money will be used to make refunds to the buyers who have sought refund for their investments in a project Jaypee Wish Town in Greater Noida.

Jaypee Associates Limited have been ordered to deposit Rs 200 crore in two equal installments by the Supreme Court by April 15 and May 10.

The Supreme Court of India maintained a ban on sale of assets or a stake in Jaiprakash Associates, while saying it would hear at a later date a plea by the RBI seeking to push the infrastructure company into insolvency proceedings.

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.

Jaypee group needs Rs 8,000 crore to complete incomplete flats, of which Rs 6,000 crore would come from home buyers while another Rs 2,000-2,500 crore needs to be infused

To ensure that Jaypee refunds thousands of investors who have paid the real estate developers for flats near Delhi that are still not built, the Supreme Court today ordered that none of the promoters or directors of the company can sell any of their assets. The ban extends to assets owned by their immediate family members too. This group of 13 exec...

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.

Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.

The two-judge Bench, headed by NCLAT Chairman SJ Mukhopadhaya, however, barred Jayprakash Associates (JAL), the parent company of JIL, from bidding.

In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee group's promoters Friday apologised to thousands of distressed home buyers and promised to infuse Rs 2,000 crore to complete pending apartments over the next four years.

The Supreme Court today observed that having a house for a family was a "basic human yearning" wherein hard earned money was invested in the hope of obtaining a roof over their heads.

The Supreme Court on Thursday said that the promoters of Jaiprakash Associates cannot bid for Jaypee Infratech, which is facing insolvency proceedings before the National Company Law Tribunal (NCLT).

The top court also allowed RBI to direct banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited.

Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.

The money will be used to make refunds to the buyers who have sought refund for their investments in a project Jaypee Wish Town in Greater Noida.

Jaypee Associates Limited have been ordered to deposit Rs 200 crore in two equal installments by the Supreme Court by April 15 and May 10.

The Supreme Court of India maintained a ban on sale of assets or a stake in Jaiprakash Associates, while saying it would hear at a later date a plea by the RBI seeking to push the infrastructure company into insolvency proceedings.

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail.

Jaypee group needs Rs 8,000 crore to complete incomplete flats, of which Rs 6,000 crore would come from home buyers while another Rs 2,000-2,500 crore needs to be infused

To ensure that Jaypee refunds thousands of investors who have paid the real estate developers for flats near Delhi that are still not built, the Supreme Court today ordered that none of the promoters or directors of the company can sell any of their assets. The ban extends to assets owned by their immediate family members too. This group of 13 exec...