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Suraksha Group Gets Lenders , Homebuyers Approval To Buy Jaypee Infratech
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Suraksha group gets lenders, homebuyers approval to buy Jaypee Infratech
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Suraksha Realty outbids NBCC for Jaypee Infra - The Hindu BusinessLine
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Jaypee Infratech’s CoC defers voting on Suraksha Realty’s resolution plan
May 24, 2021
CoC decided to put to vote the final Resolution Plan on May 28
The Committee of Creditors (CoC) of Jaypee Infratech decided to defer the voting scheduled to commence from May 24, 2021 on the final Resolution Plan of Suraksha Realty Ltd along with Lakshdeep Investments and Finance Private Ltd and other items.
The CoC also decided to put to vote from May 27, 2021 to May 28, 2021 the proposal of allowing further time to both Resolution Applicants for submitting final Resolution Plan; and other items, as per Jaypee Infratech’s regulatory filing.
Jaypee Infratech lenders to meet on Monday
May 23, 2021
NBCC challenged a decision by the CoC to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets
NBCC challenged a decision by the CoC to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets×
NBCC wrote to the company’s debt resolution professional Anuj Jain, questioning his jurisdiction and also sent clarification on the queries raised by the lenders
Jaypee Infratech’s lenders will meet on Monday to decide the future course of action on the submission made by state-owned NBCC. This comes after NBCC challenged a decision by the Committee of Creditors to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets.