New Delhi, Aug 25 (PTI) Suraksha Group has infused ₹250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a ₹3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Suraksha Group has infused ₹250 crore in Jaypee Infratech after acquiring it through […]
Mumbai-based Suraksha Group, which took over debt-ridden Jaypee Infratech Limited this June, has restarted construction work on at least 41 of 97 delayed housing towers in Jaypee Wish Town Project, which has remained stuck for over a decade, thereby affecting the interests of at least 20,000 homebuyers. Suraksha Group will infuse around ₹8,000 crore to
NCR real estate news: Work on 41 towers of Jaypee Wish Town resumes Read More »
The Supreme Court on Friday issued a stern rebuke to land-owning and development authorities in Noida, castigating them for their indifference for the suffering endured by thousands of homebuyers who have been waiting for years to receive their apartments. These homebuyers, the top court lamented, have found themselves trapped between real estate developers’ inability to
NCR real estate news: Supreme Court slams Noida bodies for ignoring homebuyers Read More »
Mumbai-based Suraksha Group has finally taken over the embattled real estate firm Jaypee Infratech by constituting a three-member board giving relief to more than 20,000 homebuyers whose investments are stuck across various projects being developed in Delhi-NCR. Mumbai-based Suraksha Group has finally taken over the embattled real estate firm Jaypee Infratech by constituting a three-member
NOIDA: The National Company Law Appellate Tribunal (NCLAT) on Friday approved Suraksha Group’s resolution plan for Jaypee Infratech Ltd (JIL), ordering it to pay Rs 1,335 crore to Yamuna Expressway Industrial Development Authority (YEIDA) over the next four years as farmers’ compensation. NCLAT set aside an order by the National Company Law Tribunal (NCLT), which
NCLAT clears Jaypee resolution plan, Suraksha to pay 1.3k cr for farmers – ET Infra Read More »
Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates on Monday said it has defaulted on loans worth Rs 4,258 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company has on October 31 defaulted on repayments of a principal amount of Rs 1,733 crore and interest of Rs
Jaiprakash Associates defaults on Rs 4,258 crore loans – ET Infra Read More »
