JaypeeInfratech homebuyers vote on sole bid

JaypeeInfratech homebuyers vote on sole bid
02/05/2019 , by , in News/Views

JaypeeInfratech went into insolvency proceedings after the NCLT, in 2017, admitted the application by an IDBI Bank-led consortium seeking resolution of debt laden firm

Left with no option, thousands of home buyers as well as financial creditors of debt-ridden JaypeeInfratech are voting on the offer submitted by Suraksha Realty.

Suraksha Realty was the lone player in the race to acquire the Jaypee group realty firm.Suraksha Realty-led consortium is the only player left in the race to acquire JaypeeInfratech after a lenders’ panel decided not to put NBCC’s bid to vote. The voting process kicked off on Tuesday (April 30) and is scheduled to end on May 3.

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