NEW DELHI : Jaypee Infratech’s financial creditors on Thursday decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company.
The winning bidder will acquire Jaypee Infratech Ltd (JIL), which went into insolvency nearly four years ago, as well as complete more than 20,000 pending flats across various projects in Delhi-NCR.
A meeting of the Committee of Creditors (CoC) was held to discuss the resolution plans of the two contenders — NBCC and Suraksha — under the Corporate Insolvency Resolution Process (CIRP).
According to sources, the CoC, which includes members of 13 banks and a representative of over 20,000 homebuyers, decided to put to vote the resolution plans of both the parties.
