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MoneyWorks4Me

Jaypee Infratech’s IRP approaches NCLT for approval of NBCC’s bid

07 Jan 2020 Evaluate

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). 

Peers
Company Name CMP
Lodha Developers 1218.50
Prestige EstatesProj 1694.65
Dilip Buildcon 407.35
DLF 766.00
Oberoi Realty 1808.25
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