Jaypee Infratech resolution: Committee of Creditors of JIL to vote on NBCC, Suraksha bids next week

The committee of Creditors (CoC) of Jaypee Infratech (JIL) on Thursday cleared the revised resolution plans of state-run NBCC and the consortium led by Suraksha Realty. Now the panel will put both the bids to vote from next week.

Sources said voting on the revised bids will commence on Monday (June 14) and will conclude on Wednesday (June 23). NBCC had submitted its revised bid on June 4, while Suraksha submitted on June 7. “Both the revised resolution plans have been found to be compliant with IBC provisions. Now voting will take place next week,” one of the sources said.