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NBCC, Suraksha's JIL bids to be put to vote

State-owned NBCC and the Mumbai-based Suraksha submitted their revised and sweetened bid on Tuesday as the voting process would start on December 10 and continue till December 16; as was decided upon by creditors of bankrupt Jaypee Infratech.

migrator

Published:7th Dec, 2019 at 10:47 PM

New Delhi

he committee of creditors (CoC) of the bankrupt Jaypee Infratech (JIL) has decided to conduct voting on the bids by NBCC (India) and Suraksha Realty simultaneously, according to sources.

The voting process would start on December 10 and continue till December 16.

Earlier there was confusion over the voting process and several homebuyers were against the idea of putting the bid of Suraksha Realty first to vote.

Both state-owned NBCC and the Mumbai-based Suraksha submitted their revised and sweetened bid on Tuesday.

The decision comes a day after the Insolvency and Bankruptcy Board of India said, the resolution professional (RP) is duty-bound to conduct the voting in compliance with the Insolvency and Bankruptcy Code and the Supreme Court's judgement.

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NBCC, Suraksha's JIL bids to be put to vote

State-owned NBCC and the Mumbai-based Suraksha submitted their revised and sweetened bid on Tuesday as the voting process would start on December 10 and continue till December 16; as was decided upon by creditors of bankrupt Jaypee Infratech.

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