Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the Supreme Court seeking extension of timeline for completion of its resolution process till the first week of July.
State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers.
The 45 days’ time granted by the Supreme Court to complete the Corporate Insolvency Resolution Process (CIRP) expired on May 8.
In the last meeting of JIL’s Committee of Creditors (CoC), Jain informed that an application was filed before the court on May 6 to seek an extension by 30 days, sources said.
