Jaypee

Stretch deteriorated due to heavy traffic and rain, leading to potholes and safety concerns

Authority Pitches Next Phase With Industrial Parks, Film City & Wider Connectivity

A student at jaypee University of Information Technology in Solan suffered severe injuries after allegedly jumping from a hostel building late Wednesday night. Fellow students alerted authorities, and the injured student was transferred to Shimla for advanced medical care. Police have launched an investigation into the incident, which briefly caused tension on campus as students protested.

India's Union Sports Minister suggested a 2027 Formula 1 return, with the Buddh International Circuit as the proposed venue. However, Formula 1 has stated a 2027 return is unlikely due to complex planning requirements. Renewed interest exists, with the Adani Group reportedly set to acquire the circuit.

Sports Minister Mansukh Mandaviya announced efforts to bring Formula 1 back to India in 2027, aiming to resolve tax hurdles that caused its departure in 2013. While the minister expressed confidence, Formula 1 sources indicated an agreement is still distant, though India remains a market of interest.

The woman claimed the accused shoved and tried to molest her. Police have arrested two of the accused

The insolvency resolution of Jaiprakash Associates Ltd. is embroiled in a dispute over the approval of Adani Enterprises' bid over Vedanta's higher offer. Vedanta alleges procedural unfairness and a "commercial conspiracy," challenging the Committee of Creditors' reliance on "commercial wisdom" over value maximisation.

Underpass Linking Hajipur To Skymark Building A Major Bottleneck, Say Commuters

Vedanta's Review Plea On AEL's Plan Dismissed

Called for a meeting by crisis-hit jaypee Group, a section of homebuyers on Friday boycotted the meet and protested here against huge delay in possession of their apartments. They demanded that banks should be asked to suspend monthly equated-monthly instalment (EMI) for the time being to provide some relief.

Public sector company NBCC is back in the running for taking over jaypee Infratech, a little over a week after its bid was rejected as ‘non-compliant’ and a decision was taken to put the proposal by the other applicant, Suraksha, to vote.

Noida Authority Chief Executive Officer (CEO), Amit Mohan Prasad said on Thursday that relief is in store 1000 home buyers with residences in three of jaypee group's housing projects.

A group of jaypee homebuyers said on Thursday that the first choice to takeover stalled projects is NBCC but they are also ready to accept Suraksha Realty’s bid to avoid long-term litigation.

Last month, the top court had refused permission to embattled jaypee to hive-off the rights of multi-crore six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh.

Last week, jaypee Infratech -- part of the crisis-hit jaypee group -- had said that a meeting of the CoC would be held on September 12 but did not mention the agenda. According to sources, the CoC in its meeting will restart the resolution process and appoint IRP for conducting the fresh bidding process.

jaypee group has offered 2,000 equity shares of jaypee Infratech for free to each home buyer as part of its Rs 10,000 crore proposal to revive the bankruptcy-hit real estate firm, sources said.

Lenders of debt-ridden jaypee Infratech are unlikely to seek any fresh offers, including from Adani Group, till current round of bidding process is complete under the insolvency law, sources said. Last week, Adani Group threw its hat in the ring by expressing interest in submitting bid to acquire jaypee Infratech and deliver over 20,000 housing units to aggrieved homebuyers.

The insolvency resolution of jaypee Infratech Limited (JIL) is headed into a decisive couple of weeks, after a process that has stretched for four years, with the committee of creditors (CoC) deciding on Friday to put up the proposals of both NBCC and Suraksha for vote.

The Supreme Court on Thursday extended by a week the status quo on the insolvency process on jaypee Group's plea challenging the NCLAT order allowing fresh bidding for debt-laden jaypee Infratech.

Debt-ridden Jaiprakash Associates on August 31, said its proposed sale of entire 74 per cent stake in Bhilai jaypee Cement Ltd for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and plans to raise up to Rs 2,000 crore through sale of securities.

Crisis-hit 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, jaypee advisor Ajit Kumar said.

In a last-minute twist, the committee of creditors of jaypee Infratech on Monday decided to seek a vote from homebuyers and creditors to decide if both applicants in the fray for the insolvency resolution – the state-run NBCC and Sudhir Valia’s Suraksha Group – should be given more time to submit revised offers.