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Showing posts from June, 2016

Jaypee Group defaults on Rs 4,460 cr debt of Indian Banks Payments !!

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Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore.

The Group has on a consolidated basis failed to repay Rs 2,905.6 crore in principal amount to banks and another Rs 1,558.93 crore crore in interest payments.

"Overdue principal repayment of loans borrowings ... outstanding on March 31, 2016 wherein the period of delay ranges from 1 day to 269 days" include debt of Rs 2,183.17 crore.

Read more: http://economictimes.indiatimes.com/industry/indl-goods/svs/cement/jaypee-group-defaults-on-rs-4460-cr-debt-payments/articleshow/52573554.cms

Jaypee Naturvue Apartment Construction not Started Yet-Project was Launched in August 2013 !!

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Dear Friends, Last week I had visited Jaypee Sport city on Yamuna expressway to see progress of construction of booked Naturvue Project, that was no any construction work even there was no any single brick work was there. Approx 1000 individuals/end users had booked 2BHK flat there in August 2013, Maximum people has paid 7-15 lacs till now. At time of flat booking Jaypee guys were fooling end users by show attractive pics of singing guys pics, F1 Track, near by greenery etc.