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.
Jaypee Infra insolvency: Lenders ask NBCC to take government, regulatory nod on resolution plan
Jaypee Infra insolvency: Lenders ask NBCC to take government, regulatory nod on resolution plan
Lenders of Jaypee Infratech have asked state-owned NBCC to take the government s approval for the revised bid that it has submitted to acquire the bankruptcy-bound real estate firm.
NBCC, which offered 1,526 acre of land to lenders, has also been asked to give the break-up and locations where these land parcels are situated in Noida and Greater Noida, Uttar Pradesh.
Last week, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire debt-laden Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.
Jaypee Infra lenders ask NBCC to take govt, regulatory nod on resolution business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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