Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any “haircuts” should be considered by the creditors’ panel, which is set to take a call on two existing resolution plans for the company this week. Currently, state-owned NBCC NSE 1.66 % and Suraksha group are in the race to acquire Jaypee Infratech Ltd (JIL), which went into insolvency proceedings in August 2017.
In a letter to JIL’s Interim Resolution Professional (IRP) Anuj Jain, the Chairman of Jaiprakash Associates Ltd (JAL) Manoj Gaur has urged him to consider JAL’s settlement offer, which was submitted before the Supreme Court in 2019.
