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BQ Exclusive: NBCC Proposes Banks Take Over Unsold Homes In Jaypee Infratech Case
NBCC’s revised bid includes banks selling unsold inventory in Jaypee Infratech.
26 Apr 2019, 07:13 AM IST
In its bid to take over insolvent infrastructure and realty company Jaypee Infratech Ltd., the government-owned NBCC Ltd. has offered to sell unsold homes to the secured financial creditors of Jaypee’s Committee of Creditors.According to the revised resolution plan submitted by NBCC on Wednesday, the builder has stated that if it is allowed to take over Jaypee Infratech, it reserves the right to sell the unsold inventory to financial...
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