Mumbai-based Suraksha group has sweetened its offer to the lenders of Jaypee Infratech by Rs 1,298 crore to Rs 7,736 crore.
It promised to bring in an additional interim funding of Rs 300 crore to build houses faster for Jaypee customers.
This offer was made on Monday to the company’s committee of creditors (CoCs).
Jaypee Infratech was referred to the National Company Law Tribunal (NCLT) in August 2017 after the company failed to repay its Rs 22,000-crore debt. Since then, various litigation and CoC’s flip flop has delayed the resolution. Apart from Suraksha, government-owned NBCC has also made an offer for the company. Both the offers include giving part of the land bank to the lenders and home owners to clear past dues.
