It's a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54%
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The company has awarded a work order for the construction of residential towers and civic amenities in New Delhi on TOD norms, EPC mode to NCC at their quoted price of Rs 859.84 crore
State-owned NBCC will submit the detailed project report (DPR) to RINL by month-end for the steel maker's 22.19 acre land in Visakhapatnam city, a popular tourist destination in Andhra Pradesh.
In the CoC meeting, resolution professional asked NBCC to first get permission from Yamuna Express Industrial Development Authority (YEIDA) for its offer to transfer part of land bank to the lender.
CoC to meet on June 10 to decide on voting on NBCC, Suraksha offers
State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm
The development comes after the Supreme Court in April ordered submission of fresh plans by NBCC and Suraksha.
Financial creditors of embattled Jaypee Infratech have decided to give more time to state-owned NBCC and Suraksha group to submit their final bids to acquire the realty firm through insolvency process
At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group's bid
Lenders to vote on Suraksha plan from Monday
Despite being sent to the bankruptcy courts in August 2017 and SC orders, lenders await resolution of Rs 22,000 cr debt
CoC to meet today as NBCC sweetens Jaypee Infra offer
State-owned construction firm NBCC (India) Ltd said it has bagged a contract worth about Rs 597 crore in Uttarakhand
State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday
Lenders and homebuyers of Jaypee Infratech will meet on May 15 to discuss the revised bids submitted by state-owned NBCC and Suraksha group to acquire debt-laden realty firm through insolvency process
NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors.
Lenders of Jaypee Infratech have asked state-owned NBCC to take the government's approval for the revised bid that it has submitted to acquire the bankruptcy-bound real estate firm.
This is the fourth round of bidding process for Jaypee Infratech, which went into insolvency proceedings in August 2017
State-owned NBCC Ltd on Wednesday reported a 75 per cent increase in its consolidated net profit to Rs 96.98 crore for the third quarter ended December 2020.