Free Press Journal
  • ICICI files insolvency plea against Jaiprakash

    New Delhi : Private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT).

  • SC to hear Jaypee home buyers’ plea on Mon

    New Delhi : The Supreme Court on Friday listed for final hearing on July 16 the pleas of hassled home buyers registered with Jaiprakash Associates (JAL) saying that it would exclusively deal with their grievances and the “capability” of realty firm to refund money to them.

  • JAL told to deposit Rs 600 cr to refund money to homebuyers

    New Delhi : The Supreme Court on Wednesday suggested that the realty firm Jaiprakash Associates (JAL) should pay Rs 600 crore, instead of Rs 1,000 crore ordered earlier, to refund the principal amount to the hassled home buyers.

  • Jaypee Infra’s 700-acre land to remain with banks for now

    New Delhi : The National Company Law Appellate Tribunal on Thursday admitted an appeal moved by ICICI Bank, Axis Bank and others challenging an order passed by the Allahabad bench of the National Company Law Tribunal directing Jaiprakash Associates to return over 700 acres of land to its subsidiary Jaypee Infratech.

  • JP Associates told to return 759-acre land to arm

    New Delhi : The National Company Law Tribunal has asked debt-ridden Jaiprakash Associates to return nearly 760 acre land to its subsidiary Jaypee Infratech, declaring the transfer of the land as “fraudulent” and “undervalued”.

  • Jaypee moves SC seeking approval of resolution plan

    New Delhi : Realty firm Jaiprakash Associates (JAL), which is also facing bankruptcy proceedings in a company law tribunal, on Thursday moved the Supreme Court seeking approval of its resolution plan for revival.

  • Jaiprakash Associates approves debt recast

    New Delhi : Jaiprakash Associates’ board has approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by the Joint Lenders’ Forum.