Jaypee insolvency case: Creditors’ panel approves Suraksha Group’s offer; rejects NBCC bid – Mint
The sources said NBCC’s bid was found to be non-compliant with certain provisions of the insolvency law. On Wednesday, construction firm NBCC and Suraksha group submitted their final resolution plans to acquire Jaypee Infratech Ltd (JIL) in the fourth round of corporate insolvency resolution process. The sources said that a virtual meeting of the Committee…