NBCC, Suraksha get time until June 4 to submit revised Jaypee Infratech bids


The share of votes in favour of permitting each candidates to file their closing bids couldn’t be confirmed on the time of going to press.

Greater than two-third members of the committee of collectors (CoC) of Jaypee Infratech (JIL) on Friday voted in favour of permitting seven days’ time to state-run NBCC and the consortium led by Suraksha Realty to submit their revised decision plans to accumulate the bankrupt actual property developer.

Sources stated that round 75-76% of the CoC members voted in favour of permitting time from Could 29 to June 4 to each the decision candidates to submit their closing bids for JIL. Subsequently, the lenders’ panel cancelled the voting on Suraksha’s Could 18 bid.

The share of votes in favour of permitting each candidates to file their closing bids couldn’t be confirmed on the time of going to press.

That is the fourth spherical of the bidding course of within the matter of JIL’s chapter case. The corporate went into the insolvency course of in August 2017 after the Nationwide Firm Regulation Tribunal admitted an utility by an IDBI Financial institution-led consortium.

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