WHAT HAPPENED OVER THE YEARS
2017 Aug 9 | NCLT initiates insolvency resolution of Jaypee Infratech Ltd (JIL). On Sept 4, SC stays proceedings, issues notices
2018 SC orders commencement of insolvency resolution. NBCC, Suraksha, L&T, Kotak and ICUBE enter race
2019 Jaypee promoter Manoj Gaur makes fresh pitch to clear dues, retain control. After NBCC & Suraksha sweeten offer, IRP puts Suraksha’s offer to vote
But Suraksha plan is voted out and resolution deadline ends in May. Banks seek extra time to put together new plan, while NBCC, homebuyers insist on voting on PSU’s original bid
On July 30, NCLAT allows fresh bidding. In a Nov hearing, SC gives 90 days to complete resolution
2020 Mar 3 | NCLT clears NBCC plan after committee of creditors approves it. In August, SC transfers all pending cases related to JIL from NCLAT to itself
2021 SC seeks fresh offers from NBCC, Suraksha. Committee of creditors declares NBCC offer non-compliant
In the vote to decide who will take over JIL, Suraksha beats NBCC
2022 Resolution yet to be reached at NCLT. More than 60 hearings have taken place
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
US soccer scrubs Islamic emblem from Iran flag
The federation said in a statement Sunday that it decided to forego the official flag on social media accounts to show “support for the women in Iran fighting for basic human rights.”
Pyar Ke Saat Vachan Dharam Patnii begins on TV tonight
What happens when kismet takes over the lives of two couples belonging to two different sections of society?
Arijit serenades music lovers in Mumbai
Arijit Singh casts a spell with his voice
ARGENTINA LIVE TO FIGHT ANOTHER DAY
Messi's Strike Rattles Mexico And Lusail, Brings Team Back From The Brink
Costa Rica come alive
Los Ticos Stun Japan With Late Fuller Winner
Morocco's moment under the sun
Inspired Atlas Lions Shock Belgium For First WC Win In 24 Years
ON YOUR MARK, GET SET, SOAR
Athletics Icon Usha Set To Become First Woman President Of IOA
Industry body calls for slower rate hikes
CII Asks RBI To Moderate Pace Of Raising Repo As Global Woes May Impact Growth
Insurance reforms may see PE funding surge in sector
Irdai Raises Investment Cap, Allows PEs To Be Promoters
Cut ties with child-killing regime, Khamenei's niece tells world, held
Iranian authorities have arrested a niece of supreme leader Ayatollah Ali Khamenei after she recorded a video describing the authorities led by her uncle as a “murderous and child-killing regime”.
