NBCC presents bids for Jaypee Infratech, know what is the plan

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    NBCC ने जेपी इंफ्राटेक के लिए पेश की बोलियां
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    NBCC presents bids for Jaypee Infratech

    Click Below For More Details 👇

    The NBCC and the Mumbai-based safety group have submitted their revised bids for the acquisition of debt-ridden Jaypee Infratech as a part of the insolvency course of as per the Supreme Court directive.

    New Delhi. Public sector firm NBCC and Mumbai-based safety group have submitted their revised bids for the acquisition of debt-ridden JP Infratech as a part of the insolvency course of as per the Supreme Court directive. The courtroom final month refused to approve NBCC’s redressal scheme resulting from flaws in assembly the Bankruptcy and Insolvency Disability Code (IBC) norms.

    Along with this, the courtroom stated that no new Interest Letter (EOI) will be included for the acquisition of the firm. Only the public sector NBCC and Security Realty might be allowed to make revised proposals. Along with this, the apex courtroom had additionally directed to increase the decision course of by 45 days.

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    NBCC and the safety group have submitted their resolution plan to Interim Solution Professional (IRP) Anuj Jain. Jain advised PTI-language that the NBCC and the safety group have submitted their bids and the COC assembly is going to be held on April 12. This is the fourth spherical of the bidding course of. On March 3 final yr, NCLT allowed the acquisition of JIL by means of the insolvency means of NBCC and the completion of 20,000 flats in the subsequent three and a half years. This order was challenged in the National Company Law Appellate Tribunal (NCLAT) and thereafter in the Supreme Court.




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