Jaypee Infratech lenders to put on vote bids of NBCC, Suraksha Reality simultaneously
As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. For a bid to be approved, 66 per cent votes are required NBCC (India) Ltd - 534309 - Business Secured-Construction Of Rajaswa Bhawan, National Tax Headquarters For Ministry Of Finance, Department Of Revenue, Govt. Of India
This is to inform that NBCC (India) Limited has received an order from Department of Revenue, Ministry of Finance, Govt. of India for construction of Rajaswa Bhawan, National Tax Headquarters, New Delhi wherein NBCC will work as Project Management Consultant. The estimated project cost is Rs. 621 crore (approx.). The aforesaid information is also available on the website of the Company at http://www.nbccindia.com/webEnglish/announcementNotices.aspx NBCC (India) Ltd - 534309 - General Updates Regarding Takeover Of The Jaypee Infratech Limited By NBCC
Reference to the Corporate Insolvency Resolution Process of Jaypee Infratech Limited (JIL) and our previous intimation vide letter dated November 18, 2019, wherein it was informed that NBCC has submitted the Resolution Plan for Jaypee Infratech Limited on November 17, 2019. It is hereby further informed that, the Company has submitted the Revised Resolution Plan for Jaypee Infratech Limited on December 3, 2019. This is for your information and record. The aforesaid information is also disclosed on the website of the company at https://www.nbccindia.com/webEnglish/announcementNotices SC directs NBCC to complete home projects in Noida
SC directs NBCC to complete home projects in NoidaThe apex court bench headed by Justice Arun Mishra, and comprising Justice Uday Lalit, asked NBCC (India) Ltd to complete the unfinished projects in Noida and Greater Noida - Zodiac, Sapphire 1 and 2, Silicon City 1 and 2, Princely Estate, Centurion Park Low Rise and the O2 Valley.
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyers
As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC.NBCC Ltd is also actively considering offering more land to lenders and reduce timeline for completion of about 20,000 flats NBCC's rise depends on project execution, analysts slash FY20 estimates
With redevelopment projects suffering, it is not surprising that the company's profitability is dented Jaypee Infratech: Lenders ask NBCC, Suraksha to sweeten offers, submit final bids by December 3
The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids. They wanted NBCC to provide more land with clear title in lieu of its current offer of over 600 acres land that is under litigation and some unclaimed flats. NBCC (India) Ltd - 534309 - Disclosure Of Related Party Transactions
Pursuant to the Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly find attached herewith the disclosure of Related Party Transactions of NBCC on consolidated basis for the half year end September 30, 2019. The aforesaid information is also available on the website of the company at http://www.nbccindia.com/webEnglish/announcementNotices Jaypee Infra insolvency: Homebuyers seek continuation of talks on NBCC's revised bid
P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC)
Why homebuyers want NBCC and not Suraksha to take over Jaypee projects
Want a forensic audit into the affairs of JIL since its inception, NBCC must pay a delay compensation under RERA norms and that no private service provider's portal be used for voting