A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners.
In the webinar, NBCC expressed confidence that it will get approval from Yamuna Expressway Industrial Development Authority (YEIDA) to hive off Yamuna Expressway to a Special Purpose Vehicle (SPV) and the transfer of 90 per cent stake to bankers.
NBCC CMD P K Gupta said the company has improved its plan compared with its 2019 bid, by making provisions of 100 acre land for delayed penalty.
Gupta said there is no question of failure in case of the NBCC, which he said has the support from the government.
“Our plan is very concret…
Read the full article at: https://www.livemint.com/news/nbcc-says-its-bid-to-buy-jaypee-fully-backed-by-govt-assures-timely-possessions-11623664181217.html
