New Delhi: Creditors’ panel of bankrupt-Jaypee Infratech on Thursday decided to start the voting process on Suraksha group’s offer from next week and rejected the plan proposed by state-owned NBCC, according to sources.
The sources said NBCC’s bid was found to be non-compliant with certain provisions of the insolvency law.
On Wednesday, construction firm NBCC and Suraksha group submitted their final resolution plans to acquire Jaypee Infratech Ltd (JIL) in the fourth round of corporate insolvency resolution process.
The sources said that a virtual meeting of the Committee of Creditors (CoC) was held on Thursday to discuss the bids.
