01:47
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NBCC India leads race for Jaypee Infratech with Rs 1,000-crore offer:
Indian lenders of Jaypee Infratech are set to vote from Wednesday on the two offers made by the government-owned NBCC India and Suraksha Asset Reconstruction. The highest bidder will be announced by Saturday.
While NBCC has made an offer of Rs 1,000 crore as upfront cash, Suraksha’s offer was far less at Rs 10 crore. In the committee of creditors’ (CoC) meeting held in New Delhi on Monday, the CoC has also decided to consider the request made by the homeowners of Jaypee Infratech for a forensic audit of the company.
Jaypee Greens may get improved soon and home buyers may get their flats soon.
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