Jaypee Infratech creditors defer voting on Suraksha Realty’s offer

NEW DELHI: The resolution to Jaypee Infratech insolvency case has been further delayed as the Committee of Creditors (CoC) has deferred the voting on resolution plan of Suraksha Realty Ltd along with Lakshdeep Investments and Finance Pvt Ltd. The voting on the resolution plan was scheduled to begin on Monday, but it has now been deferred after NBCC requested the CoC to give it time to revise its resolution plan.

While the CoC has not agreed to allow only NBCC to revise its plan, it has decided to vote on May 27 and 28 to decide whether both the resolution applicants be given more time to revise their bids.According to sources closed to the development, NBCC, which earlier emerged as the successful resolution applicant, had requested the CoC to allow it to revise its resolution plan.