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Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
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.
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Buddh International Circuit To Remain Open For Events: Sources
Amidst reports claiming India's first and only Formula One racetrack, the Buddh International Circuit, has been sealed over pending land dues, sources in the know have told carandbike that the track will remain open for all events.
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F1: Jaypee Group Loses 1000 Hectares Of Land Used For The Buddh International Circuit
The Buddh International Circuit (BIC) has been hit by issues once again as the Yamuna Expressway Authority cancelled the allotment of 1000 hectares of land in Greater Noida to the Jaypee group on Saturday. India's first and only F1 track is located in this land as part of the Yamuna Expressway Industrial Development Authority's (YEIDA) special econ...
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Nearly 1 Lakh Homebuyers In Legal Quagmire To Get Their Flats
Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.
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Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects
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.
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Jaypee May Lose F1 Buddh Circuit If It Doesn't Clear Dues: Officials
Crisis-hit Jaypee group will have to clear dues of Rs 108 crore by the end of this year or otherwise it may lose the 1,000-acre land allotted for its Formula One Buddh International Circuit and Jaypee Sports City, Yamuna Expressway Industrial Development Authority (YEIDA) officials said.
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Home For Family Is A Basic "Human Yearning": Supreme Court
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.
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Deal With Insolvency Proceedings Against Jaypee: Top Court To Tribunal
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process.
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Deposit Money, Or Tihar Isn't Far, Supreme Court Warns Jaypee Group
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.
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Jaypee Group Targets Delivery Of 5,000 Flats By June
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
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'You Can't Destroy Lives': Now, Jaypee Bosses Banned From Selling Assets
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...
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Jaypee, Barred From Selling Freeway, Offers Top Court 400 Crores A Month
To help refund thousands of investors who paid for flats that are still not built, Jaypee Associates, the parent of real estate firm Jaypee Infratech, has offered to deposit 400 crores every month starting January, it told the Supreme Court today. Judges have ordered the firm to arrange 2,000 crores before the next hearing on November 13.
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Embattled Jaypee Group Barred From Hiving-Off Yamuna Expressway
Supreme Court gave the company nine more days to deposit Rs 2,000 crore.
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Jaypee Tells Court It Wants To Sell Yamuna Expressway For 2,500 Crores
Jaypee has been asked to deposit 2,000 crores by the 27th of this month with the Supreme Court so that flat-owners can be refunded.
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Concerned Over 'Tears' Of Home Buyers, Says Supreme Court
The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.
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Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
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.
-
Buddh International Circuit To Remain Open For Events: Sources
Amidst reports claiming India's first and only Formula One racetrack, the Buddh International Circuit, has been sealed over pending land dues, sources in the know have told carandbike that the track will remain open for all events.
-
F1: Jaypee Group Loses 1000 Hectares Of Land Used For The Buddh International Circuit
The Buddh International Circuit (BIC) has been hit by issues once again as the Yamuna Expressway Authority cancelled the allotment of 1000 hectares of land in Greater Noida to the Jaypee group on Saturday. India's first and only F1 track is located in this land as part of the Yamuna Expressway Industrial Development Authority's (YEIDA) special econ...
-
Nearly 1 Lakh Homebuyers In Legal Quagmire To Get Their Flats
Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.
-
Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects
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.
-
Jaypee May Lose F1 Buddh Circuit If It Doesn't Clear Dues: Officials
Crisis-hit Jaypee group will have to clear dues of Rs 108 crore by the end of this year or otherwise it may lose the 1,000-acre land allotted for its Formula One Buddh International Circuit and Jaypee Sports City, Yamuna Expressway Industrial Development Authority (YEIDA) officials said.
-
Home For Family Is A Basic "Human Yearning": Supreme Court
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.
-
Deal With Insolvency Proceedings Against Jaypee: Top Court To Tribunal
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process.
-
Deposit Money, Or Tihar Isn't Far, Supreme Court Warns Jaypee Group
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 Targets Delivery Of 5,000 Flats By June
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
-
'You Can't Destroy Lives': Now, Jaypee Bosses Banned From Selling Assets
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...
-
Jaypee, Barred From Selling Freeway, Offers Top Court 400 Crores A Month
To help refund thousands of investors who paid for flats that are still not built, Jaypee Associates, the parent of real estate firm Jaypee Infratech, has offered to deposit 400 crores every month starting January, it told the Supreme Court today. Judges have ordered the firm to arrange 2,000 crores before the next hearing on November 13.
-
Embattled Jaypee Group Barred From Hiving-Off Yamuna Expressway
Supreme Court gave the company nine more days to deposit Rs 2,000 crore.
-
Jaypee Tells Court It Wants To Sell Yamuna Expressway For 2,500 Crores
Jaypee has been asked to deposit 2,000 crores by the 27th of this month with the Supreme Court so that flat-owners can be refunded.
-
Concerned Over 'Tears' Of Home Buyers, Says Supreme Court
The Supreme Court today expressed anguish over the "tears" of home buyers saying they cannot be "taken for a ride" by the builders, as it directed the Jaypee group to give Rs 50 lakh as interim compensation to its customers for delay in giving them possession.
