Jaypee Infratech insolvency: NBCC offers Rs 20 cr to operational creditors

While Adani group has shown interest in making bid for Jaypee Infratech, Jaypee group has also submitted a bid for regaining control of its realty firm

Seeking multiple concessions for acquiring bankrupt realty firm Jaypee Infratech, state-owned NBCC has offered to pay Rs 20 crore against over Rs 9,712-crore dues of operational creditors, including the income tax department and Yamuna Expressway development authority YEIDA.

A Committee of Creditors (CoC) is scheduled to meet on May 9 to discuss the revised offer of NBCC Ltd after creditors, including bankers and home buyers, rejected the offer of Mumbai-based Suraksha Realty. NBCC's revised bid was not considered for voting by the lenders panel, citing lack of approvals from the government departments.

Meanwhile, Adani group has shown interest in making bid for