India's corporate law authority on Tuesday approved the Mumbai-based Suraksha group's bid to buy the bankrupt building construction company Jaypee Infratech. The acquisition comes nearly six years after the debt-ridden Jaypee Infratech entered the insolvency process.

India's 20,000 homebuyers hail 'Holi gift' after acquisition of bankrupt real estate company

The court has listed the matter for further hearing on April 16, to see if the JAL has complied with the payment of the first instalment or not

Supreme Court asks Jaypee Associates to deposit Rs 200 crore

The court had asked Jaiprakash Associates to deposit Rs 2,000 crore to cover its liability towards home buyers of Jaypee Infratech.

Jaypee Group plans to sell Yamuna Expressway, seeks Supreme Court's permission