Jaypee Infratech's lenders to discuss NBCC, Suraksha takeover bids Friday

Financial creditors and home buyers of Jaypee Infratech will meet Friday to discuss the bids submitted by state-owned NBCC and Mumbai-based Suraksha group to take over the bankruptcy-bound realty firm and complete stalled projects comprising over 20,000 housing units.

A meeting of the Committee of Creditors (CoC) will be held on March 1, said Anuj Jain, the Insolvency Resolution Professional (IRP) of Jaypee Infratech, in a regulatory filing.

In a separate filing, Jain said the lenders have rejected a resolution to "conduct the addition forensic audit of corporate debtor (Jaypee Infratech) from Date of Incorporation till March 2014" after voting process.

The filing did not disclose the agenda of Friday's meeting, but sources said it has been called to further discuss the resolution plans submitted by NBCC and Suraksha group.

Sources said the settlement proposal of promoter Jaypee group will not be discussed in the CoC meet, but lenders could deliberate on it separately.

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