As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. For a bid to be approved, 66 per cent votes are required

As against the admitted claims of secured financial creditors of Rs 9,783 crore, Suraksha and NBCC are offering repayment of only 62 per cent of their outstanding dues despite the liquidation value of the company being around Rs 13,000 crore

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium

P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC)

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply in this regard by Thursday

Videocon Industries share price hit an all-time low of Rs 1.19 on August 27, 2019. An investment of Rs 1 lakh in Videocon Industries on August 28, 2014 has shrunk to Rs 741.40 today.

The study, which a source with direct knowledge of the matter said is not linked to any ongoing investigation, will examine the competition landscape in a sector that includes the likes of Walt Disney's Star India and India's Reliance Industries.

On August 2, the Supreme Court had ordered status quo for two weeks on the insolvency proceeding after Jaypee Group challenged the July 30 order of NCLAT, which allowed the fresh bidding for the cash-strapped Jaypee Infratech

The ruling came on a complaint filed by one Naveen Kataria who had booked a villa at Jaypee Greens in Greater Noida, Uttar Pradesh, in 2011.

The total income of Jaypee Infratech, however, increased to Rs 669.56 crore during the quarter under review. The debt-laden company had reported a total income of Rs 432.31 crore during the year-ago period

The government said the National Company Law Appellate Tribunal, which is seized of a matter related to the JIL homebuyers case, is scheduled to hear the issue on July 22

The top court observed that it may use its plenary power under Article 142 of the Constitution to protect the interest of over 21,000 home buyers in the Jaypee Infratech case, if their grievances are not addressed.