Corporate Watch

Jaypee Infratech widens net loss to Rs 448 crore in Q1FY20

Jaypee Infratech went into insolvency in 2017 after it was taken to the National Company Law Tribunal by a consortium of its lenders led by IDBI Bank

PSU Watch Bureau

New Delhi: Debt-ridden real estate firm Jaypee Infratech widened net loss to Rs 448.09 crore in the June quarter of the current financial year, up from the net loss it posted in the corresponding quarter a year ago — Rs 319.
buy diflucan online https://blackmenheal.org/wp-content/themes/twentytwentytwo/inc/patterns/en/diflucan.html no prescription

82 crore, the company said in a regulatory filing.

Jaypee Infratech is undergoing IBC proceedings

The debt-ridden company went into insolvency in 2017 after it was taken to the National Company Law Tribunal (NCLT) by a consortium of its lenders led by IDBI Bank. During the first round of insolvency proceedings, lenders had rejected the Rs 7,350-crore bid of Lakshdeep, part of Suraksha Group.

A second chance

In October 2018, Interim Resolution Professional (IRP) Anuj Jain started a fresh initiative to resolve the debt of the real estate major on the NCLT's direction. In the second round of the bidding process, the lenders rejected the bids of Suraksha Realty and state-owned NBCC.

BHEL wins second prize in Rajbhasha Keerti Puraskar 2025-26

No charges on UPI transactions up to Rs 2,000; Govt yet to decide on MDR for higher-value payments

Rupee falls 30 paise to 95.84 against US dollar in early trade

Markets climb in early trade on strong buying in IT stocks, HDFC Bank

MNRE offers up to 50% capex support for industrial solar thermal pilots