Supreme Court orders status quo for two weeks on insolvency resolution process of Jaypee
NEW DELHI: The Supreme Court Friday ordered status quo for two weeks on the insolvency resolution process on Jaypee Group’s plea which has challenged the NCLAT order allowing fresh bidding for debt-laden Jaypee Infratech. A bench of justices A M Khanwilkar and Dinesh Maheshwari passed the order after the apex court was informed that Parliament […]
Jaypee apologises to homebuyers; promises Rs 2,000 crore to finish projects
NEW DELHI: In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee group’s promoters on 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. This proposal was made to home buyers at a meeting called […]