Jaypee Infra CoC defers voting on Suraksha’s bid
JIL's IRP had submitted a report in the CoC meet, stating that the NBCC plan was non-compliant to the IBC.
JIL's IRP had submitted a report in the CoC meet, stating that the NBCC plan was non-compliant to the IBC.
The total offer of Piramal was Rs 37,250 crore. However, it had offered a higher upfront cash payment that may have appealed the CoC members.
A sum of Rs 18,000 crore will be repaid within a period of five years in equal annual instalments, following a five-year moratorium with 11 per cent per annum interest.
The donation was made with the assistance of the Juan Antonio Samaranch Foundation, reports Xinhua news agency.
An official statement from the Canadian Olympic Committee (COC) declared on Sunday that they will not be sending their contingent to Tokyo unless the Olympics are postponed by a year.
Considering the latest developments, the CoC has extended the deadline for submission of bids till March 10.
The company’s secured debt of around Rs 33,000 crore.
