Jaiprakash Associates

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.

Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates' cement business.

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.

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.

The Supreme Court on Thursday said that the promoters of Jaiprakash Associates cannot bid for Jaypee Infratech, which is facing insolvency proceedings before the National Company Law Tribunal (NCLT).

The top court also allowed RBI to direct banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited.

Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.

The real estate firm has so far deposited Rs 650 crore with the Supreme Court registry.

The money will be used to make refunds to the buyers who have sought refund for their investments in a project Jaypee Wish Town in Greater Noida.

The Supreme Court of India maintained a ban on sale of assets or a stake in Jaiprakash Associates, while saying it would hear at a later date a plea by the RBI seeking to push the infrastructure company into insolvency proceedings.

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

The company had to deposit the amount by December 31 and wanted a two-month extension.

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...

Jaiprakash Associates Ltd, part of the Jaypee group, also said that Jaypee Infratech Ltd has more assets than liabilities and it is a fit case for resolution.

Supreme Court directs non-institutional directors of Jaiprakash Associates Limited to appear before it in person next week.

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.

Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates' cement business.

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.

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.

The Supreme Court on Thursday said that the promoters of Jaiprakash Associates cannot bid for Jaypee Infratech, which is facing insolvency proceedings before the National Company Law Tribunal (NCLT).

The top court also allowed RBI to direct banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited.

Jaiprakash Associates Limited (JAL) has told the Supreme Court that it would deposit Rs 600 crore more to refund the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.

The real estate firm has so far deposited Rs 650 crore with the Supreme Court registry.

The money will be used to make refunds to the buyers who have sought refund for their investments in a project Jaypee Wish Town in Greater Noida.

The Supreme Court of India maintained a ban on sale of assets or a stake in Jaiprakash Associates, while saying it would hear at a later date a plea by the RBI seeking to push the infrastructure company into insolvency proceedings.

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

The company had to deposit the amount by December 31 and wanted a two-month extension.

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...

Jaiprakash Associates Ltd, part of the Jaypee group, also said that Jaypee Infratech Ltd has more assets than liabilities and it is a fit case for resolution.

Supreme Court directs non-institutional directors of Jaiprakash Associates Limited to appear before it in person next week.