The Committee of Creditors (CoC) of debt-laden Jaypee Infrastructure is set to meet today to review bids that were submitted by state-owned NBCC and Mumbai-based Suraksha group on Friday, said sources familiar with the matter.
NBCC and Mumbai-based Suraksha group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources familiar with the matter told CNBC-TV18.
In a filing to the BSE, NBCC had said it has submitted the bid to Interim Resolution Professional Anuj Jain.
Jain, the IRP who is carrying out the insolvency process, had earlier shortlisted four players -- NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group -- to submit their resolution plans by February 15.
Kotak Investment and Cube Highways have not submitted bids, sources said.