Business Standard

Jaypee Infratech lenders to vote on Suraksha offer next week: Reports

The CoC decided not to consider NBCC's bid as it found the offer to be conditional and subject to approvals from various government departments

Deposit money as directed, Tihar is not far, Supreme Court warns Jaypee
Premium

Jaypee Infratech

Press Trust of India New Delhi
Lenders of debt-ridden Jaypee Infratech will put to vote on April 30 the offer of Mumbai-based Suraksha Realty for acquiring the realty firm, sources said.

A meeting of Committee of Creditors (CoC) was held on Friday to consider the revised offers of both NBCC Ltd and Suraksha group to acquire Jaypee Infratech and complete over 20,000 housing units in various projects in Noida.

According to a source, the CoC decided not to consider NBCC's bid as it found the offer to be conditional and subject to approvals from various government departments.

The source said that lenders will on April 30

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2019 | 5:54 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com