{"id":416249,"date":"2021-05-21T12:04:49","date_gmt":"2021-05-21T06:34:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416249"},"modified":"2021-05-21T12:04:49","modified_gmt":"2021-05-21T06:34:49","slug":"jaypee-infra-creditors-reject-nbccs-bid-as-non-compliant-with-ibc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jaypee-infra-creditors-reject-nbccs-bid-as-non-compliant-with-ibc\/","title":{"rendered":"Jaypee Infra creditors reject NBCC&#8217;s bid as non-compliant with IBC"},"content":{"rendered":"<p>Insolvency bound realty developer Jaypee Infratech NSE 2.78 %\u2019s Committee of Creditors (CoC) has termed state-run NBCC NSE 0.30 %\u2019s bid for the company non-compliant with the code, as interpreted by the Supreme Court\u2019s recent judgment, with regards to payment to dissenting financial creditors (DFC), said persons familiar with the development.<\/p>\n<p>Following this, Suraksha Group\u2019s resolution plan &#8211; the sole compliant proposal for the company\u2019s takeover &#8211; will be put to vote-seeking homebuyers\u2019 and lenders\u2019 consent. The voting will be on starting from Monday, May 24 and close on Thursday, May 27 evening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insolvency bound realty developer Jaypee Infratech NSE 2.78 %\u2019s Committee of Creditors (CoC) has termed state-run NBCC NSE 0.30 %\u2019s bid for the company non-compliant with the code, as interpreted by the Supreme Court\u2019s recent judgment, with regards to payment to dissenting financial creditors (DFC), said persons familiar with the development. Following this, Suraksha Group\u2019s resolution plan &#8211; the sole compliant proposal for the company\u2019s takeover &#8211; will be put to vote-seeking homebuyers\u2019 and lenders\u2019 consent. The voting will be on starting from Monday, May 24 and close on Thursday, May 27 evening.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-416249","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416249","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416249"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416249\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}