Jaypee Infra insolvency: NBCC, Suraksha asked to submit revised bids by Tuesday
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids
State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday.
According to sources, a meeting of Committee of Creditors (CoC) is likely to be held on May 19 to discuss the bids submitted by both the parties under the Corporate Insolvency Resolution Process (CIRP).
In the last meeting of the CoC held on Saturday, financial creditors, which includes representatives of lenders and homebuyers, discussed their bids and sought various clarifications.
IOCC Virtual Auction May 17–23
IOCC is hosting a nationwide virtual auction that will take place May 17–23. Items include a timeshare in Orlando, an at-home wine-tasting experience from Opolo winery, a Byzantine-style sterling silver cross, a handmade icon from Greece, and more.
Item preview is available now at iocc.org/auction, so take a look at all of our items and get ready for a fun week of bidding for a great cause!
Bidding will begin on May 17 at 8:00 am EDT and end promptly on May 23 at 8:00 pm EDT.
12-week high price at Coonoor tea auction
May 17, 2021
No takers for 20% of the offer
The average price at Sale 19 of the auction of Coonoor Tea Trade Association (CTTA) rose to a 12-week high level of ₹125.87 a kg – up from previous week’s ₹121.53.
However, as various States imposed stringent Covid-19 restrictions, the demand was generally weak resulting in withdrawals across the different lots.
In all, teas worth ₹5.78 crore remained unsold as there were no takers for some 20 per cent of the offer.
“The green tea of Pascoes Woodlands topped the entire auctions when Komal Enterprises bought it for ₹301 a kg,” Ravichandran Broos, General Manager of Paramount Tea Marketing, who auctioned this tea, told