Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders
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Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lendersPTI
Last Updated: Apr 30, 2021, 12:16 AM IST
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Synopsis
Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the direction of the Supreme Court. According to sources, a meeting of committee of creditors (CoC) was held on Thursday to discuss the bids of both the parties.
Agencies
NBCC has revised its bid to offer up to 1,903 acre land parcels, mainly in Noida and Greater Noida in Uttar Pradesh.