The deadline for submission of the final bids is June 4 and resolution plans should be compliant with insolvency law and a Supreme Court judgement on March 24
Read more about Jaypee Infra case: NBCC, Suraksha get more time to submit final bids on Business Standard. Financial creditors of embattled Jaypee Infratech have decided to give more time to state-owned NBCC and Suraksha group to submit their final bids to acquire the realty firm through insolvency process
Read more about Revised offer for Jaypee Infratech is legally compliant, says NBCC on Business Standard. At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group s bid
At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group s bid. It also decided to conduct a voting process on May 27-28 to decide whether the two contenders NBCC and Suraksha should be given additional time to submit their revised and final bids.
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.