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
: Thursday, May 27, 2021, 10:43 PM IST
Jaypee Infratech case: Suraksha reaches out to homebuyers, says co should be first preference, not standby option
Jaypee Infratech case: Suraksha reaches out to homebuyers, says co should be first preference, not standby option
Asserting that its bid to acquire Jaypee Infratech is legally compliant and better, Suraksha group has urged homebuyers to support its resolution plan and vote against a proposal to allow more time for submission of new offers by the company and NBCC.
In a video message on You Tube platform, Suraksha ARC Managing Director and Chief Executive Officer Aalok Dave has sought to reach out to around 20,000 homebuyers whose investments are stuck in stalled projects of Jaypee Infratech Ltd (JIL).
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.