Jaypee Infratech saga: NBCC's revised offer fails to make cut due to lack of approvals

Jaypee Infratech saga: NBCC's revised offer fails to make cut due to lack of approvals: Due to lack of approvals by the administrative authorities, the revised plan submitted by NBCC, which is in the race to acquire embattled firm Jaypee Infratech, has been found to be non-eligible for consideration. The offer by Mumbai-based Suraksha Group was the only plan found to be compliant as per Insolvency...

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NBCC to submit revised bid to acquire Jaypee Infratech by April 25

NBCC to submit revised bid to acquire Jaypee Infratech by April 25 NBCC and Suraksha Group are in race to acquire bankruptcy-bound realty firm Jaypee Infratech. State-owned NBCC Ltd is likely to submit revised bid by April 25 for acquiring debt-ridden Jaypee Infratech and complete the housing projects. Lenders of Jaypee Infratech met Tuesday here and asked NBCC to submit their plan by April...

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Buyer can't wait indefinitely for flat, says Supreme Court

NEW DELHI: The Supreme Court has upheld orders of a state consumer commission and the national commission to refund payment with interest to a homebuyer for over seven years' delay in handing over possession of the flat he had booked with a Kolkata-based builder. The court said a buyer cannot be required to wait indefinitely for possession of his house. A buyer can be expected to wait for...

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