Free Press Journal
  • Independent director of Jaypee Infratech ‘Sham Lal Mohan’ resigns

    New Delhi: Jaypee Infratech, which is facing insolvency proceedings, Monday said that the company’s independent director Sham Lal Mohan has resigned citing personal reasons. Last week, three independent directors Lalit Bhasin, Keshav Prasad Rau and Basant Kumar Goswami had resigned from the board.

  • 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).

  • 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.

  • Jaypee Group Logo

    Jaiprakash Associates to challenge NCLT order

    New Delhi : Crisis-ridden Jaiprakash Associates (JAL) has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary Jaypee Infratech, while declaring the transfer of the land as “fraudulent” and “undervalued”.

  • 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.

  • Jaypee group promoters submit Rs 10K-cr plan to revive Infratech

    New Delhi : Jaypee group promoter Manoj Gaur on Monday made a Rs 10,000 crore offer to pay off bank loans and complete the stuck housing projects as part of plans to bring Jaypee Infratech out of bankruptcy, sources said.

  • IIFCL calls for fair review of Jaypee Infra bid

    New Delhi : A key lender to bankruptcy-hit Jaypee Infratech has ripped apart the bid evaluation process followed by the resolution professional conducting the auction of the firm, saying it has “serious deficiencies and shortcomings.”

  • LICHFL withdraws plea against DB Realty

    In a filing with the BSE, DB Realty informed that the company and LIC Housing Finance have arrived at a debt settlement agreement. The real estate sector is facing a multi-year demand slowdown, resulting in defaults in loan payment .

  • Insolvency case: Supreme Court asks Jaypee Infratech to deposit Rs 2000 crore

    New Delhi: The Supreme Court today directed the embattled real estate firm Jaypee associates to deposit Rs 2000 crore by October 27 with its registry and asked the NCLT-appointed interim resolution professional (IRP) to take over its management and work out a plan to protect the interests of homebuyers and creditors.