Suraksha Group Set to Take Over Jaypee Infratech Limited
Suraksha Group’s imminent takeover of Jaypee Infratech Limited (JIL) marks a significant step towards resolving the prolonged delays faced by homebuyers and completing the stalled projects. With the National Company Law Appellate Tribunal (NCLAT) recently approving Suraksha’s resolution plan, the…
NCLAT Reserves Order on Yeida’s Challenge to Suraksha Group’s Compensation Plan for Jaypee Infratech
The National Company Law Appellate Tribunal (NCLAT) has withheld its verdict on a petition lodged by the Yamuna Expressway Industrial Development Authority (Yeida) contesting the farmer compensation aspect within Mumbai-based Suraksha Group’s proposal to acquire debt-ridden Jaypee Infratech Limited (JIL)….
NCLAT Dismisses Insolvency Plea Against Parsvnath Landmark Developers
The National Company Law Appellate Tribunal (NCLAT) has rejected the petition filed by four unit buyers of Parsvnath Landmark Developers seeking to initiate insolvency proceedings against the subsidiary of Parsvnath Developer. This decision upholds the orders of the Principal bench…