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Jaypee Infratech insolvency: lenders, homebuyers ask Suraksha group to improve bid
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Last Updated: Apr 18, 2021, 09:33 AM IST
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A Committee of Creditors (CoC) met on Saturday to discuss the revised bids of state-owned NBCC and Suraksha group for acquiring Jaypee Infratech through the insolvency process.
This is the fourth round of bidding in the matter of Jaypee Infratech, which went into insolvency in August 2017.
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NEW DELHI: Lenders of Jaypee Infratech have asked Suraksha group to improve its bid by offering more land while homebuyers pitched for a reduction in timeline for completion of housing projects, sources said on Saturday.
Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid, seek more land parcels
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. Updated: 18 Apr 2021, 05:19 PM IST PTI
Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Cour
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NEW DELHI :
Jaypee Infratech s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm.
Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.