Jaypee shareholders, homeowners object to evaluation criteria for bids

A group of homebuyers is aggrieved that the evaluation criteria for the bids are heavily loaded in favour of financial creditors

It is not just the promoters, but also stranded homeowners of Jaypee Infratech’s (JIL’s) various projects as well as minority shareholders totalling around 138,000, who are fearing massive losses if the valuation of the beleaguered firm is slashed by less than half. They have written separately to the resolution professional objecting to the evaluation criteria for bids for JIL.

The committee of creditors (CoC) is slated to meet on Monday to take a call on various bids that have come for JIL. 

Homebuyers and minority shareholders have written separately to resolution professional Anuj Jain, objecting to the evaluation criteria for the bids.

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