Creditors' panel defers voting on Suraksha's offer for bankr

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 homebuyers’ 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.

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