NBCC (India) Limited ‘General Updates regarding takeover of the Jaypee Infratech Limited by NBCC (India) Limited
Reference to the Corporate Insolvency Resolution Process of Jaypee Infratech Limited
(JIL) and our previous intimation vide letter dated December 3, 2019, wherein it was informed that NBCC has submitted the revised Resolution Plan for Jaypee Infratech Limited on December 3, 2019.
It is further informed that the Company has received a Letter of Intent (LOI) from
Interim Resolution Professional of Jaypee Infratech Limited through Email dated
December 17, 2019 that NBCC’s Resolution Plan was approved by the Committee of
Creditors by majority of Voting Shares (i.e. 97.36%)..This is for your information and