Jaypee Infratech lenders ask NBCC to take government, regulatory nod on resolution

NEW DELHI: Lenders of Jaypee Infratech have asked state-owned NBCC to take the government’s approval for the revised bid that it has submitted to acquire the bankruptcy-bound real estate firm. NBCC, which offered 1,526 acre of land to lenders, has also been asked to give the break-up and locations where these land parcels are situated […]

Gaurs Group to complete 10,964 Amrapali units, NBCC awards tender worth 2124 crores

NEW DELHI: NCR-based developers Gaurs group said that it has been awarded four tenders from state-run NBCC worth Rs 2,124 crore for stuck Amrapali Projects – Verona Heights, Heartbeat City and Amrapali Centurian Park with a total inventory of 10,964 flats. “Having invested in construction over the years, we are increasing our presence in the […]

Supreme Court seeks NBCC response on completing stalled Jaypee group projects

NEW DELHI: The Supreme Court on Tuesday sought response from the NBCC on whether it is willing to give a revised proposal to complete the stalled projects of Jaypee group. A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by […]

Supreme Court cancels registration, lease of Amrapali group

NEW DELHI: The Supreme Court on Tuesday cancelled the registration of the embattled Amrapali group under the Real Estate Regulatory Authority (RERA) and the lease of its properties granted by Noida and Greater Noida authorities. A bench of Justices Arun Mishra and U U Lalit appointed the National Buildings Construction Corporation (NBCC) to complete all […]

NCLAT says banks can vote against NBCC proposal for Jaypee Infratech

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that lenders can vote against the NBCC’s proposal to acquire debt-ridden Jaypee Infratech and directed for completion of the ongoing voting process. Lenders consortium, led by IDBI Bank, had approached NCLAT seeking permission to vote against NBCC bid. The voting process started on […]

Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered

NEW DELHI: Distressed homebuyers of debt-ridden Jaypee Infratech on Thursday demanded that state-owned NBCC’s bid to acquire the realty firm should be reconsidered as they do not have any faith in private companies. Representatives of nine homebuyers’ associations of Jaypee Infratech’s housing projects in Noida, Uttar Pradesh, said that Jaypee group promoters are interfering in […]

Kotak, L&T, NBCC, two others submit EoI to take over Jaypee Infratech

NEW DELHI: Five companies — NBCC, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways and Suraksha group — have shown interest in taking over debt-ridden Jaypee Infratech, which is facing bankruptcy proceedings in NCLT. Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain had in October initiated a fresh initiative to revive Jaypee Infratech on NCLT’s direction […]

NBCC signs MoU with Ministry of External Affairs to build Convention Centres in Niger

NEW DELHI: State-owned PSU, NBCC (India) that it has signed an Memorandum of Understanding (MoU) with the Ministry of External Affairs (MEA) to construct Mahatma Gandhi International convention centre (MGICC) at Niamey, the largest city and capital of Niger in West Africa. The MoU was signed by Yogesh Sharma, Executive Director, Business Development and  Prashant […]

NBCC joins hands with Construction Skill Development Council of India

NEW DELHI: NBCC (India) Ltd, has signed a Memorandum of Understanding (MoU) with Construction Skill Development Council of India (CSDCI) to train and empower 20,000 youth in the next six months and promote Skill Development in the construction sector. Through the association, NBCC and CSDCI, which is a non-profit organisation under National Skill Development Corporation […]

Supreme Court of India appoints NBCC to construct stalled projects of Amrapali Group

NEW DELHI: The Supreme Court of India on Wednesday appointed state-run NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm. The top court directed the opening of an escrow account in the apex court in which the […]

Back To Top