{"id":416964,"date":"2021-05-26T11:43:11","date_gmt":"2021-05-26T06:13:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416964"},"modified":"2021-05-26T11:43:11","modified_gmt":"2021-05-26T06:13:11","slug":"jaypee-infratech-case-erstwhile-promoter-jal-demands-coc-to-consider-its-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jaypee-infratech-case-erstwhile-promoter-jal-demands-coc-to-consider-its-offer\/","title":{"rendered":"Jaypee Infratech case: Erstwhile promoter JAL demands CoC to consider its offer"},"content":{"rendered":"<p>Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any &#8220;haircuts&#8221; should be considered by the creditors&#8217; panel, which is set to take a call on two existing resolution plans for the company this week. Currently, state-owned NBCC NSE 1.66 % and Suraksha group are in the race to acquire Jaypee Infratech Ltd (JIL), which went into insolvency proceedings in August 2017.<\/p>\n<p>In a letter to JIL&#8217;s Interim Resolution Professional (IRP) Anuj Jain, the Chairman of Jaiprakash Associates Ltd (JAL) Manoj Gaur has urged him to consider JAL&#8217;s settlement offer, which was submitted before the Supreme Court in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jaiprakash Associates Ltd, the erstwhile promoter of bankrupt-Jaypee Infratech, has said its settlement proposal without any &#8220;haircuts&#8221; should be considered by the creditors&#8217; panel, which is set to take a call on two existing resolution plans for the company this week. Currently, state-owned NBCC NSE 1.66 % and Suraksha group are in the race to acquire Jaypee Infratech Ltd (JIL), which went into insolvency proceedings in August 2017. In a letter to JIL&#8217;s Interim Resolution Professional (IRP) Anuj Jain, the Chairman of Jaiprakash Associates Ltd (JAL) Manoj Gaur has urged him to consider JAL&#8217;s settlement offer, which was submitted before [&hellip;]<\/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-416964","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\/416964","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=416964"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416964\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}