Moreover, home buyers who constitute a majority of the debt are unlikely to support a bid from the very builder which delayed the construction in the first place people familiar with the negotiations said. This offer is too little too late and must not be given importance, they said.
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.
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.
Jaypee Infratech insolvency case: Manoj Gaur s offer a futile exercise, say lenders
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Moreover, home buyers who constitute a majority of the debt are unlikely to support a bid from the very builder which delayed the construction in the first place people familiar with the negotiations said. This offer is too little too late and must not be given importance, they said.
Agencies
Lenders have dismissed
Jaypee Infratech promoters plea to allow them to bid for the debt laden company through a one time settlement because the Supreme Court has clearly narrowed down the choice between Suraksha Asset Reconstruction Co and