Ready to give tax breaks if NBCC completes Jaypee's projects: Centre to SC

Apex court seeks NBCC's response by Thursday, rejects for now Jaypee's proposal for 100 per cent due repayment

The central government on Tuesday told the Supreme Court that it was “willing to give tax concession running into hundreds of crores” to the Jaypee group, and enhance compensation being paid to the farmers, but only if state-owned NBCC (India) was allowed to complete the pending projects of debt-laden Jaypee Infratech. A two judge bench of Justices A M Khanwilkar and Dinesh Maheshwari issued notice to NBCC and sought its response on the issue by September 5, when it will next hear the issue.

The Jaypee group on the other hand told the apex court that it had no problems