vimarsana.com

Page 4 - மும்பை அடிப்படையிலானது சுரக்ஷா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time

A Committee of Creditors (CoC) decided on Monday to give another chance to both bidders of Jaypee Infratech to submit revised bids, hours before lenders were to vote on Suraksha group s proposal. Suraksha group and NBCC India are in the race to buy Jaypee s assets after the company defaulted to Rs 22,000 crore of loans. The CoC had last week decided to send Mumbai-based Suraksha group s offer for voting from Monday after it offered Rs 1,700 crore more to lenders than NBCC India. NBCC India s proposal was not sent for voting and the CoC had rejected it for not complying with Insolvency and Bankruptcy Code norms and Supreme Court orders. NBCC sent an addendum to its earlier offer and sought more time from the lenders late on Friday night.

Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders

Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders SECTIONS Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lendersPTI Last Updated: Apr 30, 2021, 12:16 AM IST Share Synopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the direction of the Supreme Court. According to sources, a meeting of committee of creditors (CoC) was held on Thursday to discuss the bids of both the parties. Agencies NBCC has revised its bid to offer up to 1,903 acre land parcels, mainly in Noida and Greater Noida in Uttar Pradesh.

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha to improve bid

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha to improve bid
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid, seek more land parcels

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid, seek more land parcels SECTIONS Last Updated: Apr 18, 2021, 06:10 PM IST Share Synopsis Jaypee Infratech s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Jaypee Infratech s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.