Jaypee Infra insolvency: NBCC offers ₹ 20 crore to operational creditors - News Summed Up

Jaypee Infra insolvency: NBCC offers ₹ 20 crore to operational creditors


NEW DELHI: Seeking multiple concessions for acquiring bankrupt realty firm Jaypee Infratech, state-owned NBCC has offered to pay ₹20 crore against over ₹9,712-crore dues of operational creditors, including the income tax department and Yamuna Expressway development authority YEIDA. Meanwhile, Adani group has shown interest in making bid for Jaypee Infratech, while Jaypee group too has submitted bid for regaining control of its realty firm. Among the operational creditors, the IT department has claimed ₹3,334 crore, YEIDA ₹6,112 crore and others ₹267 crore. It further said that the liquidation value owed to the operational creditors is expected to be nil. There are about 2,200 unsold flats with the Jaypee group worth ₹1,800 crore.


Source: Mint May 07, 2019 14:03 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */