26-April-2024
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Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
14-Dec-2019

Jaypee Infratech's homebuyers association has urged all flat owners and lenders to vote in favour of state-owned NBCC's bid to acquire debt-laden realty firm as the public sector firm has experience to develop large projects and townships in the national capital region. NBCC and Suraksha Realty are in the race to acquire Jaypee Infratech through the ongoing insolvency process. On December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and Suraksha Realty at the same time. The voting process started on December 10 and will continue till December 16.

News Source:- https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-homebuyers-body-urges-flat-owners-bankers-to-vote-for-nbcc-bid-in-insolvency-process/articleshow/72527470.cms