Suraksha group will get nod from lenders, homebuyers to purchase Jaypee Infratech

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Mumbai-based Suraksha group on Wednesday obtained the approval of economic collectors and homebuyers to takeover debt-laden Ltd (JIL).


The ten-day-long voting course of on the takeover proposals submitted by NBCC and Suraksha group ended on Wednesday afternoon. Greater than 98 per cent of the votes have been in favour of Suraksha group’s bid.





That is the fourth spherical of bidding course of to discover a purchaser for JIL, which went into Company Insolvency Decision Course of (CIRP) in August 2017.


“Suraksha group has gained the bid with 98.66 per cent votes,” JIL’s Interim Decision Skilled (IRP) Anuj Jain advised PTI.


It received 0.12 per cent extra votes than NBCC, he added.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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