Financial creditors of Jaypee Infratech to meet on April 29 to discuss resolution plans

Financial creditors of debt-ridden Jaypee Infratech are going to meet on April 29 to discuss the resolution plans submitted by state-owned NBCC and Suraksha group to acquire the realty firm through an insolvency process. A meeting of the Committee of Creditors (CoC) will be held on April 29, 2021.

In the last meeting of the CoC held on April 17, lenders asked NBCC and Suraksha group to improve their bid and offer more land parcels under the land-debt swap deal. They told the bidders to specify the treatment of dissenting financial creditors.

Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.