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Suraksha ARC seeks fair & unbiased process in Jaypee Infra insolvency SECTIONS Last Updated: May 19, 2021, 10:09 PM IST Share Synopsis ​​The company has debt obligation of over Rs 9,800 crore to creditors. Homebuyers’ claims amount to Rs 12,714 crore. The admitted financial debt out of the total claims filed by the creditors is Rs 22,613 crore. As per the Supreme Court judgment on March 24, a bidder can only offer cash or allow to enforce its existing exclusive security interest. Suraksha Asset Reconstruction Company, one of the two bidders for Jaypee Infratech under the insolvency procedure, has called upon the troubled real estate developer’s creditors and insolvency resolution professional (IRP) to follow a “fair and unbiased process”, a day before they meet to consider the resolution proposals.

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