Here's all you need to know about the Jaypee Infratech case On August 8, 2017, IDBI Bank petitioned the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Jaypee Infratech for defaulting on loans worth Rs 526 crore.
Jaypee Infratech case: NBCC submits revised proposal before SC to take over unfinished projects Jaypee insisted that its appeal, whether its proposal can also be considered, should be heard first.
The next date of hearing is scheduled for October 22.
Exclusive | NBCC may reduce upfront amount to Jaypee Infra lenders if it decides to keep unsold inventory In the new proposal that NBCC plans to submit before the Supreme Court next week, it may also propose completing all unfinished 16 projects within four years.
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