What happened Jaypee Infratech?

Suraksha ARC won the race to acquire Jaypee Infratech after the company was sent for debt resolution to the NCLT in August 2017. Suraksha ARC won the race to acquire Jaypee Infratech after the company was sent for debt resolution to the NCLT in August 2017. The company had defaulted to loans worth Rs 22,600 crore.

Is Jaypee Group in loss?

Crisis-hit Jaypee Infratech Ltd (JIL) on Tuesday reported a consolidated net loss of Rs 613.87 crore for the quarter ending September on higher expenditure. Its net loss stood at Rs 490.78 crore in the year-ago period. 202.54 crore in the corresponding period of the previous year, according to a regulatory filing.

Is JP Infra bankrupt?

Jaypee Infratech posts Rs 491.6 cr loss in March quarter Jaypee Infratech is under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

Will JP Infratech be delisted?

Jaypee Infratech, as has been the case with most other IBC cases, will be delisted from stock exchanges as part of Suraksha’s resolution plan, and public shareholders will be offered Rs 14 lakh.

Who is owner of Jaypee Group?

Shri Jaiprakash Gaur
Shri Jaiprakash Gaur, Director (Founder of Jaypee Group) Shri Manoj Gaur, Executive Chairman & CEO.

What happened Jaypee Wishtown?

Noida: Jaypee Wish Town buyers left in lurch as construction gets stalled. This, despite the National Company Law Appellate Tribunal (NCLAT) giving conditional approval to the state-owned NBCC to complete the pending 20,000 Wish Town flats in April.

Will Jaypee Infra be delisted?

Who bought Jaypee Infratech?

Suraksha group
Suraksha group on June 23 received the nod from financial creditors and homebuyers to takeover the embattled real estate firm Jaypee Infratech Ltd (JIL). As many as 98.66\% of lenders voted in favour of the Suraksha Group’s bid.