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Jaypee Infratech insolvency: Suraksha emerges as the highest bidder

The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners

Topics
Jaypee Infratech | Jaypee Infra insolvency | Yamuna Expressway project

Dev Chatterjee  |  Mumbai 



Jaypee infratech
The company’s insolvency process has been mired in litigation since then

Suraksha Asset Reconstruction Company, a Mumbai-based firm, has emerged as the highest bidder for Ltd (JIL), a special purpose vehicle (SPV) of Jaiprakash Associates set up to construct the but failed to repay its loans.

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First Published: Wed, May 19 2021. 06:10 IST

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