State-owned NBCC and Mumbai-based Suraksha group have submitted revised bids to acquire debt-laden Jaypee Infratech through the insolvency process, as per the direction of the Supreme Court.
Last month, the Supreme Court remitted to the Committee of Creditors (CoC) the issue of approval of resolution plan for Jaypee Infratech Ltd (JIL), saying no new expression of interest will be entertained for taking over the firm and only NBCC and Suraksha Realty may file revised proposals.
The apex court also directed to extend the resolution process by 45 days.
NBCC and Suraksha group have submitted their resolution plans, Interim Resolution Professional (IRP) Anuj Jain told PTI.
A meeting of the CoC has been called on April 12 to consider their bids, he added.
