Promoters of Jaypee Infratech have proposed before the National Company Law Appellate Tribunal (NCLAT) that they will pay creditors entire outstanding amount without any haircut and complete pending projects within three years.
Jaypee Infratech is a subsidiary of the Jaypee Group, a diversified infrastructure conglomerate in India with interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, Sports & Education (not-for-profit).