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Real Estate

Jaypee Infra Resolution Plan: Lenders ready to accept NBCC bid with certain 'changes'

Updated : May 29, 2019 12:57 PM IST

In 2017, Jaypee Infratech went into insolvency process after NCLT admitted an application by an IDBI Bank-led consortium seeking revival of the realty firm.
On the bankers’ plea, the NCLAT had on May 17 annulled voting by homebuyers and lenders on NBCC’s bid and allowed renegotiation on the offer by May 30.

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