Jaypee Group

Buddh International Circuit To Remain Open For Events: Sources

Edited By Seshan Vijayraghvan | Saturday February 15, 2020

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

Edited By Sameer Contractor | Sunday December 22, 2019

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...

Allotment Of 1,000-Hectare Land To Jaypee Group Cancelled: Yamuna Expressway Authority

Business | Press Trust of India | Saturday December 21, 2019

The embattled business group defaulted on payments of over Rs 500 crore, according to the Yamuna Expressway Industrial Development Authority.

Complete Insolvency Resolution Process Within 90 Days: Top Court To Jaypee Infratech

Business | Press Trust of India | Wednesday November 6, 2019

On July 30 this year, the National Company Law Appellate Tribunal (NCLAT) had allowed fresh bidding for the cash-strapped JIL but had barred its promoter Jaypee Group from participating in the auction.

Top Court Seeks NBCC Response On Completing Stalled Jaypee Group Projects

Business | Press Trust of India | Tuesday September 3, 2019

The bench said it will first look what NBCC has to offer and only then it may look into Jaypee group''s fresh proposal.

Supreme Court Orders Status Quo On Jaypee Group's Plea Against Tribunal's Order

Business | Press Trust of India | Friday August 2, 2019

The Supreme Court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.

Supreme Court To Hear Jaypee Group's Plea Against Tribunal Order

Business | Press Trust of India | Thursday August 1, 2019

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of NCLAT.

Jaypee Group Apologises To Homebuyers, Says Will Finish Pending Projects

India News | Press Trust of India | Saturday April 20, 2019

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

Noida News | Press Trust of India | Wednesday November 28, 2018

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

India News | Press Trust of India | Friday August 10, 2018

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

India News | Press Trust of India | Thursday August 9, 2018

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.

Tribunal Given 180 Days To Finish Insolvency Proceedings Against Jaypee Group

Business | Press Trust of India | Thursday August 9, 2018

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

Deposit Money, Or Tihar Isn't Far, Supreme Court Warns Jaypee Group

Noida News | Indo-Asian News Service | Wednesday January 10, 2018

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

Business | NDTV Profit Team | Friday January 5, 2018

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

Business | Wednesday November 22, 2017

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...