In its letter of intent dated April 15, Adani Infrastructure and Developers requested the CoC to allow it to submit its resolution plan by April 27. The company, too, had earlier submitted a failed resolution plan to acquire Jaypee Infratech. I am expecting ₹3,400 crore from homebuyers, ₹1,175 crore from plot buyers. "Banks are likely to favour JAL and if put to vote in the current situation, homebuyers will go for NBCC," he said. The realty firm has an outstanding debt of nearly ₹9,800 crore and over 22,000 of its flats in Noida remain incomplete.

Source: Mint April 21, 2019 12:45 UTC