Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid

Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid

NEW DELHI : Jaypee Infratech's lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court. In their bids, NBCC has offered 1,526 acre land and Suraksha group around 2,040 acre to lenders.

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