: 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.
Noting that the CoC is well aware of the offer made in July 2019 before the Supreme Court, Gaur said in a letter to IRP Anuj Jain, that his settlement plan would entail with no haircut and settle claims of all stakeholders.
Noting that the CoC is well aware of the offer made in July 2019 before the Supreme Court, Gaur said in a letter to IRP Anuj Jain, that his settlement plan would entail with no haircut and settle claims of all stakeholders.