December 2019 \ Business & Investment \ HOUSING AND ECONOMY
NBCC, Suraksha submit sweetened final bids for Jaypee Infra

State-run NBCC and Mumbai-based Suraksha Realty ...

NBCC, on the other hand, has offered over 1,500 acres of land to lenders as against its earlier proposal of 1,426 acres. The lenders had asked NBCC, formerly known as National Buildings Construction Corporation Ltd, to offer 1,903 acres. This is the third time that resolution plans have been sought to acquire and complete the projects—over 20,000 flats—of Jaypee Infratech. The Supreme Court had on November 6 ordered completion of the JIL insolvency resolution process (IRP) within 90 days and said only the resolution plans of the NBCC and Suraksha would be considered by the CoC for completing pending projects.

 




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