{"id":416776,"date":"2021-05-25T11:50:00","date_gmt":"2021-05-25T06:20:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416776"},"modified":"2021-05-25T12:11:44","modified_gmt":"2021-05-25T06:41:44","slug":"voting-on-suraksha-offer-for-jaypee-infra-deferred-bidders-get-more-time","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/voting-on-suraksha-offer-for-jaypee-infra-deferred-bidders-get-more-time\/","title":{"rendered":"Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time"},"content":{"rendered":"<p>Just hours before lenders were to take up Suraksha Group\u2019s resolution plan for the acquisition of Jaypee Infratech (JIL) for voting, the Committee of Creditors (CoC) decided to give both bidders \u2014 Suraksha and NBCC India \u2014 one more chance to submit revised bids at an urgent meeting held on Monday. <\/p>\n<p>The fresh bidding will be subject to voting by all CoC members this week. <\/p>\n<p>Both Suraksha Group and NBCC India are in the race to buy the assets of JIL, which defaulted on Rs 22,000 crore of loans and was sent for debt resolution under the Insolvency and Bankruptcy Code (IBC) in August 2017.<\/p>\n<p>Last week, the CoC decided to send the Suraksha Group\u2019s offer for voting after the Mumbai-based group offered Rs 1,700 crore more to lenders than NBCC India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just hours before lenders were to take up Suraksha Group\u2019s resolution plan for the acquisition of Jaypee Infratech (JIL) for voting, the Committee of Creditors (CoC) decided to give both bidders \u2014 Suraksha and NBCC India \u2014 one more chance to submit revised bids at an urgent meeting held on Monday. The fresh bidding will be subject to voting by all CoC members this week. Both Suraksha Group and NBCC India are in the race to buy the assets of JIL, which defaulted on Rs 22,000 crore of loans and was sent for debt resolution under the Insolvency and Bankruptcy [&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-416776","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\/416776","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=416776"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416776\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}