{"id":416135,"date":"2021-05-21T08:44:38","date_gmt":"2021-05-21T03:14:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416135"},"modified":"2021-05-21T09:09:41","modified_gmt":"2021-05-21T03:39:41","slug":"committee-of-creditors-rejects-nbcc-resolution-plan-for-jaypee-infratech","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/committee-of-creditors-rejects-nbcc-resolution-plan-for-jaypee-infratech\/","title":{"rendered":"Committee of creditors rejects NBCC resolution plan for Jaypee Infratech"},"content":{"rendered":"<p>The committee of creditors (CoC) on Thursday rejected the resolution plan submitted by government-owned NBCC (India) for Jaypee Infratech (JIL) and has decided to send Suraksha Asset Reconstruction Company\u2019s (ARC&#8217;s) plan for voting from Monday. <\/p>\n<p>Both NBCC and Suraksha ARC had bid for JIL\u2019s assets, which owns a huge land bank alongside the Delhi-Agra Yamuna Expressway, apart from the expressway itself. <\/p>\n<p>At the CoC meeting held on Thursday, the resolution professional said the plan submitted by NBCC was non-compliant &#8212; taking into account the earlier Supreme Court (SC) judgment in the JIL case and the Insolvency and Bankruptcy Code (IBC), 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The committee of creditors (CoC) on Thursday rejected the resolution plan submitted by government-owned NBCC (India) for Jaypee Infratech (JIL) and has decided to send Suraksha Asset Reconstruction Company\u2019s (ARC&#8217;s) plan for voting from Monday. Both NBCC and Suraksha ARC had bid for JIL\u2019s assets, which owns a huge land bank alongside the Delhi-Agra Yamuna Expressway, apart from the expressway itself. At the CoC meeting held on Thursday, the resolution professional said the plan submitted by NBCC was non-compliant &#8212; taking into account the earlier Supreme Court (SC) judgment in the JIL case and the Insolvency and Bankruptcy Code (IBC), [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-416135","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416135"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416135\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}