Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the National Company Law Tribunal (NCLT), Allahabad, to approve the bid of NBCC to acquire debt-laden realty firm through insolvency process.
Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan.
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).
