What do you guys think about Jaypee Greens Wishtown - NOIDA? Is this a good time to buy? Is Wishtown a good investment?

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  • current board of directors are making way for the Insolvency Professional to run the show for next 6 months.
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  • Meeting with JP professionals - Ajeet Singh etc on saturday -8 July

    I reached late. There were around 100 people for meeting.
    The meeting was for Aman buyers as opposed to what has been conveyed on this forum

    The buyers expressed their disappointment. JP management gave generic replies.
    Mr Ajeet clarified that 5 aman towers would get OC soon
    Buyers demanded to be involved in proceedings. It was agreed that 11 Aman representatives would be kept in loop regarding OC and progress of Aman.
    There were some heated exchanges from buyers who very clearly expressed that they are not accepting the 2020 goal for Aman delivery.

    Media arrived - Some anxious moments as JP management was opposed to the idea. The did not allow media to enter the meetings.
    Some plain clothed bouncers suddenly emerged.

    The heated discussion continued for some more minutes. After which the buyers decided they had enough.
    Meeting adjourned.
    The buyers were speaking to media when i left.

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  • Originally Posted by bhuwan
    current board of directors are making way for the Insolvency Professional to run the show for next 6 months.


    As usual, I was the only one stating the only reasonable conclusion that could be arrived at from the known facts while a bunch of people with questionable motives and agendas were spreading misinformation that JP Infra will be spared from bankruptcy proceedings.

    I wonder if any of them will apologies for misleading people and accusing me of lying. More likely , they will reappear in new avatars and start trolling that JIL going into bankruptcy is the best thing that could have happened to Wishtown.
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  • Earlier , JP group was famous only in Noida. Now, it is making headlines in Chandigarh as well:

    http://m.hindustantimes.com/punjab/chandigarh-stinks-as-jaypee-plant-refuses-to-accept-garbage/story-JmkDwCono2qVxBJ9F8Ld0L.html

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  • Originally Posted by Truenity
    Earlier , JP group was famous only in Noida. Now, it is making headlines in Chandigarh as well:

    http://m.hindustantimes.com/punjab/chandigarh-stinks-as-jaypee-plant-refuses-to-accept-garbage/story-JmkDwCono2qVxBJ9F8Ld0L.html



    I continue to talk abt our homes n u continue to talk garbage.

    http://m.timesofindia.com/city/noida/1000-jaypee-buyers-to-get-houses-soon/articleshow/59586012.cms

    Plz provide ur expert comment abt this also.
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    1 Comments
    • raabta2 years ago
      talking garbage..hahahaha
  • Originally Posted by Truenity


    As usual, I was the only one stating the only reasonable conclusion that could be arrived at from the known facts while a bunch of people with questionable motives and agendas were spreading misinformation that JP Infra will be spared from bankruptcy proceedings.

    I wonder if any of them will apologies for misleading people and accusing me of lying. More likely , they will reappear in new avatars and start trolling that JIL going into bankruptcy is the best thing that could have happened to Wishtown.



    Don't misled

    U alws talked abt imminent bankruptcy and liquidation of JP infra.

    RBI and Banks Proceeding under IBC is meant to save company from bankruptcy and liquidation.



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    1 Comments
    • raabta2 years ago
      You are right....bankruptcy or liquidation comes if IRP fails to find any resolution
  • Originally Posted by IMeagleye



    Don't misled

    U alws talked abt imminent bankruptcy and liquidation of JP infra.

    RBI and Banks Proceeding under IBC is meant to save company from bankruptcy and liquidation.




    Hahahaha

    Hahahaha


    Hahahaha

    That is the funniest thing I have heard today.

    IBC stands for Insolvency and Bankruptcy Code. It is meant for Insolvency and Bankruptcy, not protection from bankruptcy.

    Hahahahaha.
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  • KEY HIGHLIGHTS 1. Corporate Debtors: Two-Stage Process
    To initiate an insolvency process for corporate debtors, the default should be at least INR 100,000 (USD 1495) (which limit may be increased up to INR 10,000,000 (USD 149,500) by the Government). The Code proposes two independent stages:

    Insolvency Resolution Process, during which financial creditors assess whether the debtor's business is viable to continue and the options for its rescue and revival; and

    Liquidation, if the insolvency resolution process fails or financial creditors decide to wind down and distribute the assets of the debtor.
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  • Originally Posted by Truenity

    Hahahaha

    Hahahaha


    Hahahaha

    That is the funniest thing I have heard today.

    IBC stands for Insolvency and Bankruptcy Code. It is meant for Insolvency and Bankruptcy, not protection from bankruptcy.

    Hahahahaha.


    I have taken help from senior most counsel in the country to make u understand about IBC. Hope it simplify a legal point which I understand is not easy to digest. Btw I like ur way of laughing as I believe "to make someone laugh is the best gift u can give to him." plz try doing that u will love it.


    RBI Counsel Mr. Khambhatta on IBC in Essar Steel case:


    "The objective (to initiate Insolvency and Bankruptcy Code procedure) was aimed to recover maximum volume of outstanding in minimum amount of time. The procedure adopted to initiate IBC against the top 12 accounts was based on scientific and structured method. IBC is not for winding up a company but to help it avoid winding up with appointment of resolution professionals, said Khambhatta."
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  • Originally Posted by IMeagleye


    I have taken help from senior most counsel in the country to make u understand about IBC. Hope it simplify a legal point which I understand is not easy to digest. Btw I like ur way of laughing as I believe "to make someone laugh is the best gift u can give to him." plz try doing that u will love it.


    RBI Counsel Mr. Khambhatta on IBC in Essar Steel case:


    "The objective (to initiate Insolvency and Bankruptcy Code procedure) was aimed to recover maximum volume of outstanding in minimum amount of time. The procedure adopted to initiate IBC against the top 12 accounts was based on scientific and structured method. IBC is not for winding up a company but to help it avoid winding up with appointment of resolution professionals, said Khambhatta."

    Hahahahaha

    There is a big difference between winding up and bankruptcy, but there is no point casting pearls before swine.
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    1 Comments
    • IMeagleye2 years ago
      there is no difference in winding up and liquidation. U alws talked of liquidation of Jaypee Infra.
      G8 to see u also not see winding up of Jaypee Infra.
  • I think no one stop him to just post anything without fact. Such people exists in this world who are absolutely negative from mind. So better to wait for correct time and that time will teach him lesson...we should ignore and discuss on real motive of this forum. Please post positive happening in jaypee wishtown progress. We all know if jaypee can start delivering wishtown in their toughest last 2 years then there is no way that it will not improve in their good time. So ignore such negative minded people and stop replying . I can confirm that construction resume in Krescent home and Labour count is increasing day by day. Today I visited whole wish town again and looks like ache din aane wale hain...Be united ..
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  • Jaypee is enough and capable to handle other thing and we should not worry. We all know how they manage to save JPA and I can confirm from my sources that JPI will saved too.
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  • Originally Posted by rahul21jan81
    Jaypee is enough and capable to handle other thing and we should not worry. We all know how they manage to save JPA and I can confirm from my sources that JPI will saved too.

    JP management has done an awesome job of saving themselves at the expense of their customers and I have no doubt they will continue to do so.
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  • Lets wait for some more time..you will see all happy faces from jaypee wishtown...we know that we have faced tough times but good time is also on verge...
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  • Originally Posted by Truenity

    JP management has done an awesome job of saving themselves at the expense of their customers and I have no doubt they will continue to do so.


    Every person do that... To save oneself its human pshycology.

    But Jaypee mgt has come to know that from here on to save themselves they need to save their customers. Better sense has prevailed so we should feel happy abt it.





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