The resolution plans of NBCC and Suraksha Group for Jaypee Infratech will be put to vote starting June 14, and the voting process will go on till June 23.The decision was taken in the meeting of the Committee of Creditors (CoC).Sources said .
Read more about Jaypee Infra: Lenders to vote on Suraksha, NBCC offers from June 14 on Business Standard. In the CoC meeting, resolution professional asked NBCC to first get permission from Yamuna Express Industrial Development Authority (YEIDA) for its offer to transfer part of land bank to the lender.
Creditors to vote on NBCC s, Suraksha s final offers for bankrupt Jaypee Infratech
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Last Updated: Jun 10, 2021, 07:57 PM IST
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According to sources, the CoC, which includes members of 13 banks and a representative of over 20,000 homebuyers, decided to put to vote the resolution plans of both the parties.
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Jaypee Infratech s financial creditors on Thursday decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company. The winning bidder will acquire
Jaypee Infratech Ltd (JIL), which went into insolvency nearly four years ago, as well as complete more than 20,000 pending flats across various projects in Delhi-NCR.
: Wednesday, June 9, 2021, 8:52 PM IST
Jaypee Infra: Homebuyers will have to wait longer; now IRP files application for extension of insolvency process till July
Jaypee Infra: IRP files application before SC seeking extension of insolvency process till July
Jaypee Infratech s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the Supreme Court seeking extension of timeline for completion of its resolution process till the first week of July.
State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers.
The 45 days time granted by the Supreme Court to complete the Corporate Insolvency Resolution Process (CIRP) expired on May 8.
Read more about Jaypee Infra insolvency: IRP seeks extension of process from SC till July 7 on Business Standard. State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers