Jaypee Infra insolvency: IRP Anuj Jain files Suraksha group’s resolution plan with NCLT

Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed Suraksha group’s bid, which was recently approved by financial creditors, with the National Company Law Tribunal. In a regulatory filing on Thursday, the company informed that the IRP on July 7 filed “the resolution plan of Suraksha Realty Ltd along with Lakshdeep Investments and Finance Pvt Ltd (Suraksha) as approved by Committee of Creditors (CoC) with the Adjudicating Authority i.e. Hon’ble National Company Law Tribunal, Principal Bench, New Delhi”.

On June 23, financial creditors of Jaypee Infratech Ltd NSE 1.85 % (JIL) picked Mumbai-based Suraksha group over state-owned NBCC NSE -0.85 % for taking over the insolvent firm, raising hopes that thousands of homebuyers may finally get possession of their flats after many years of delay.