Jaypee Infra promoter asks CoC to consider his settlement offer
By IANS |
Published on
Tue, May 25 2021 19:42 IST |
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New Delhi, May 25 : Jaypee Infratech s former promoter and Jaiprakash Associates Chairman, Manoj Gaur has urged the Interim Resolution Professional (IRP) and the Committee of Creditors (CoC) to consider his settlement offer.
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.
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.
Creditors panel defers voting on Suraksha s offer for bankrupt-Jaypee Infratech: IRP
Jaypee Infratech s financial creditors have decided to defer the voting process on Suraksha group s bid, that was scheduled to start from Monday noon, to acquire the troubled realty firm through insolvency.
The decision to defer the voting was taken on Monday morning in a meeting of the Committee of Creditors (CoC), which was called after NBCC
suo motto submitted 14 page addendum to its resolution plan.
When asked whether voting on Suraksha bid has been deferred, Jaypee Infratech s (JIL) Interim Resolution Professional (IRP) Anuj Jain said: Yes .
Sources said homebuyersâ representative in the panel will this week conduct a voting process for flat owners to decide whether extra time should be given to both the bidders NBCC and Suraksha.
Synopsis
Sources said homebuyers representative in the panel will this week conduct a voting process for flatowners to decide whether extra time should be given to both the bidders NBCC and Suraksha.
Agencies
In December 2019, the CoC, comprising 13 banks and around 21,000 homebuyers, approved the resolution plan of NBCC with a 97.36 per cent vote in favour during the third round of the bidding process.
Jaypee Infratech s financial creditors have decided to defer the voting process on Suraksha group s bid, that was scheduled to start from Monday noon, to acquire the troubled realty firm through insolvency. The decision to defer the voting was taken on Monday morning in a meeting of the Committee of Creditors (CoC), which was called after
Asserting that the offer is compliant, NBCC in a letter to the Interim Resolution Professional (IRP) also said the company is fully aware of its responsibilities to be compliant with applicable law in its deeds and actions