NIFTY 50

Jaypee Infratech: Creditors Committee clears NBCC's takeover bid

Updated : December 18, 2019 07:55 AM IST

Jaypee Infratech’s 23,000 odd homebuyers alone constitute almost 59 percent of the creditor's committee.
Suraksha Realty offered lenders an upfront payment of Rs 190 crore in its final proposal, and 2,320 acres of land in lieu of debt to lenders.
In the first round of insolvency proceedings, Suraksha Realty-Lakshdeep's Rs 7,350 crore bid was rejected by the lenders last year.

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