Saturday 16 November 2019

NBCC may revise bid for Jaypee Infra, likely to keep Rs 1,750 crore worth unsold flats

State-owned NBCC Ltd is likely to take the responsibility of selling Rs 1,750-crore worth of unsold flats of Jaypee Infratech instead of offering them to lenders in its fresh bid to acquire the debt-laden realty firm through the insolvency process, sources said. This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year.

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