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    Nbcc

    Nbcc

    NBCC (India) Limited is a blue-chip Government of India Navratna enterprise and a Central Public Sector undertaking which trades publicly in the market. The Company's present areas of operations are categorized into three main segments, i.e.

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    SC directs NBCC to take up construction work at fast pace
    National

    SC directs NBCC to take up construction work at fast pace

    The Supreme Court on Monday directed the NBCC to take up the construction work at fast pace and apart from earlier Rs 61 crores, the apex court directed another Rs 14 crore to be paid to NBCC to see that all the seven projects in Noida and Greater Noida tenders are approved and thereafter the construction work is taken up.

    Realty sector yet to reflect impact of govt measures in 2019
    Business

    Realty sector yet to reflect impact of govt measures in 2019

    With a prolonged liquidity crisis in the non-banking finance company (NBFC) segment, real estate continued to reel under pressure in 2019, although the government came up with a slew of stimulus measures during the year. The steps to infuse liquidity and boost demand, however, have not made any noticeable impact so far, as sales declined in the second half of the year.

    In NCR housing mess, relief for some, long wait for others (Lead revising headline)
    National

    In NCR housing mess, relief for some, long wait for others (Lead revising headline)

    More than 75,000 homebuyers of Amrapali Group, Jaypee Infratech and Unitech in the national capital region (NCR) are awaiting their dream houses, as the Supreme Court is seized with cases related to stalled projects by these realty giants.

    Over 75,000 homebuyers still await their dream houses
    National

    Over 75,000 homebuyers still await their dream houses

    More than 75,000 homebuyers of Amrapali Group, Jaypee Infratech and Unitech in the national capital region (NCR) are awaiting their dream houses, as the Supreme Court is seized with cases related to stalled projects by these realty giants.

    SC asks SBICAP to decide soon on financing Amrapali flats
    National

    SC asks SBICAP to decide soon on financing Amrapali flats

    The Supreme Court on Wednesday directed SBICAP Ventures Ltd to decide, within 10 days, on financing the uncompleted projects of the defunct Amrapali Group.

    NBCC gets over 95% votes in Jaypee Infra resolution
    Business

    NBCC gets over 95% votes in Jaypee Infra resolution

    In a major breakthrough in the resolution process of the bankrupt Jaypee Infratech Ltd (JIL), sources said that NBCC's resolution plan received over 95 per cent votes of the Committee of Creditors (CoC ), with majority of the homebuyers and the banks voting in favour of the bid.

    RP must ensure JIL voting proces as per IBC, SC order: IBBI
    Business

    RP must ensure JIL voting proces as per IBC, SC order: IBBI

    Amid concerns raised by several home buyers regarding the voting process for the acquisition of the bankrupt Jaypee Infratech, the Insolvency and Bankruptcy Board of India (IBBI) on Friday said that the resolution professional (RP) is duty bound to conduct the voting process in compliance with the Insolvency and Bankruptcy Code (IBC) and the Supreme Court's judgement in the matter.

    JSW Group enters the Jaypee Infra insolvency scene
    Business

    JSW Group enters the Jaypee Infra insolvency scene

    The much-talked about Jaypee Infratech (JIL) insolvency has another player in the game with JSW Infrastructure partnering with Suraksha Realty to support the latter in building and completing the stalled projects of the bankrupt firm.

    NBCC may sweeten Jaypee Infra bid, but not to banks' taste
    Business

    NBCC may sweeten Jaypee Infra bid, but not to banks' taste

    State-run NBCC (India) is likely to sweeten its bid to acquire the insolvent Jaypee Infratech Ltd (JIL) and may enhance the offering from its current 1,428 acres, but sources say, it will not give out as much land as sought by the lenders.

    Suraksha offers land worth Rs 7,857 cr to Jaypee Infra's lenders
    Business

    Suraksha offers land worth Rs 7,857 cr to Jaypee Infra's lenders

    Mumbai-based Suraksha Realty has offered land parcels worth Rs 7,857 crore to the financial creditors of the insolvent Jaypee Infratech along with an upfront infusion of Rs 25 crore.

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