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NBCC submits final bid to buy Jaypee Infra; Suraksha seeks more time


State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm under the insolvency resolution process, sources said.
According to the sources, NBCC has submitted the final bid and it is compliant with the Insolvency and Bankruptcy Code (IBC) provisions and a Supreme Court order passed in March this year.
Suraksha group has written a letter to creditors seeking seven more days to further sweeten its last bid, which was submitted on May 18. The group also wants to reduce the timeline to complete flats from its earlier proposal of 42 months for deliveries, the sources said. ....

Anuj Jain , Suraksha Group , Supreme Court , Jaypee Infratech Ltd , National Company Law Tribunal , Committee Of Creditors Co , National Company Law Appellate Tribunal , Suraksha Realty , Bankruptcy Code , Resolution Professional , Ministry Of Urban Development , Nbcc India Limited , Orporate Banks , Medical Amp Diagnostic Laboratories , Land Division Amp Subdivision , Construction Amp Engineering Nec , Jaypee Infratech Ltd , Supreme Court , Suraksha Group , Bcc S , அனுஜ் ஜெயின் , சுரக்ஷா குழு , உச்ச நீதிமன்றம் , ஜெய்பீ இன்ப்றதேச் லிமிடெட் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , குழு ஆஃப் கடன் வழங்குநர்கள் இணை ,

Ex-Edo Attorney-General leads protest against rising insecurity, poverty


Obayuwana
A former Edo State Commissioner for Justice and Attorney-General, Osagie Obayuwana, yesterday, led hundreds of protesters comprising a coalition of Civil Society Organisations (CSO) in Benin City against rising insecurity in the country.
The protest, was, however, interrupted by members of the state Public Works Volunteers (PUWOV), who argued that the protest was against the interest of the state.
The development forced the protesters to converge on the premises of the Nigeria Union of Journalists (NUJ) along Reservation Road in Benin City, where they condemned the disruption of the peaceful rally.
The protesters, who carried placards with several inscriptions blaming the Federal Government for insecurity and poverty in the country, said they converged on the New Benin Market from where they intended to march through Benin City before members of PUWOV swooped on them. ....

Niger State , Kaduna State , Edo State , Osagie Obayuwana , Civil Society Organisations , Edo State Commissioner , Benin City , Public Works Volunteers , Nigeria Union , Reservation Road , Federal Government , New Benin Market , Osagie Obayuwana , நைஜர் நிலை , கடுனா நிலை , எடோ நிலை , சிவில் சமூகம் ஆர்கநைஸேஶந்ஸ் , எடோ நிலை ஆணையர் , பெனின் நகரம் , பொது வேலை செய்கிறது தொண்டர்கள் , நைஜீரியா தொழிற்சங்கம் , முன்பதிவு சாலை , கூட்டாட்சியின் அரசு , புதியது பெனின் சந்தை ,