Jaypee Infra lenders’ meet on May 30 to discuss NBCC bid

New Delhi: Debt-laden Jaypee Infratech’s financial creditors, which include banks and homebuyers will meet on May 30 to discuss state-owned NBCC’s bid to acquire the realty firm and complete stuck housing projects.  A meeting of Committee of Creditors (CoC) has been called on May 30, sources said. Around 13 banks and 23,000 homebuyers have voting rights in the committee. Earlier this month, creditors rejected a bid by Mumbai-based Suraksha Realty through a voting process. Later, the CoC decided to put on vote the NBCC’s offer even as bankers were opposed to this move citing certain conditions in the resolution plan submitted by the public sector firm.

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