CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha

Homeowners, Suraksha cry foul; say move illegal as per SC order

Topics
NBCC (India) | Jaypee Infra insolvency | Jaypee Infra

Dev Chatterjee  |  Mumbai 

Even as Suraksha group's resolution plan for Jaypee Infratech is set to go voting from Monday, NBCC India has once again added an addendum to its offer reiterating to bring in Rs 2,000 crore in the next three years.

The Committee of Creditors has decided to meet again on Monday morning to review NBCC offer before the voting on Suraksha group's plan begins. But the CoC's flip-flop has created a furore among the homeowners of Jaypee Infra, who have been waiting for the keys to their houses for the past 11 years. “This flip-flop by the public sector banks is just ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, May 23 2021. 14:10 IST
RECOMMENDED FOR YOU
.