The committee of creditors (CoC) of Jaypee Infratech is set to meet on Thursday to consider the resolution plans submitted by Suraksha Asset Reconstruction Company (ARC) and NBCC India even as Suraksha ARC objected to the post-deadline offer made by its rival late on Tuesday night.
In its new offer, government-owned NBCC has increased its offer to Rs 5,248 crore from Rs 4,873 crore offered earlier, as compared to the Rs 6,984-crore package offered by Suraksha ARC. As the NBCC’s offer came after the 4 pm Tuesday deadline set up by CoC, Suraksha ARC shot off a letter to the CoC saying …
