 "Jaypee infratech")
Differences have arisen between NBCC, one of the bidders for Jaypee Infratech, and the creditors over upfront cash infusion into the company.
At a recent meeting of the committee of creditors of Jaypee Infratech, NBCC argued that upfront cash infusion into the company should not be the criteria for selecting a bidder. NBCC argued, “Evaluation matrix should be linked to the construction cost i.e. the amount utilised for the construction rather than the amount infused in the company.”
Business Standard has reviewed the minutes of the creditors meeting in which potential bidders such as NBCC and Cube Highways & Infrastructure, along with
