In a filing to the BSE, NBCC said it has submitted the bid to Interim Resolution Professional Anuj Jain
The company, which is undergoing Corporate Insolvency Resolution Process, had reported a net loss of Rs 361.28 crore in the October-December quarter of the previous fiscal
Move comes after NBCC, Cube Highways & Infrastructure and Suraksha ARC requested for extension of timelines for submission of binding resolution plans
Sudhir Valia's firm Suraksha Asset Reconstruction to focus on existing projects
Till August, a total of 3,400 houses were ready for possession
In a meeting on October 17, CoC rejected appointment of Vijaykumar Iyer and Deloitte Touche Tohmatsu India LLP to assist with company's resolution process
Buyers constitute 62 per cent of the committee of creditors for the bankrupt firm
The Interim Resolution Professional will place his resignation for acceptance in the next meeting of the Committee of Creditors
While Rau has cited personal reasons for the resignation, Goswami resigned because of his growing age and indifferent health
Jaypee Infratech is facing bankruptcy proceedings after it defaulted on Rs 5.26 billion loan to IDBI
Sources said 85% of the lenders voted against the offer while only 6.6% were in favour of accepting it and handing over the company to Lakshadweep
Claims it can complete unfinished housing projects by 2021
Lakshadeep's offer is, however, not better than the proposal Jaypee Infratech Ltd (JIL) had made to the joint lenders forum chaired by MDs of IDBI Bank and IIFCL on March 8, 2017
JSW lost out in race of Binani Cement despite highest offer
Jaypee Infratech has been taken over by Insolvency Resolution Professional for recovery of bad loans
The stock locked in upper circuit for the second day in a row, up 10% at Rs 15.22 on the BSE, after media report suggested that the company has received interest from 18 bidders.
These parties might be keen on certain portions like the Yamuna Expressway
In a series of orders, the Supreme Court recently tried to ease the pain of homebuyers
Around 30,000 homebuyers of Jaypee have been trying to get the possession of their properties
Directors to seek permission before leaving the country, insolvency professional back