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Nov 21, 2018 | Kotak, L&T, NBCC, 2 others submit EoI to take over bankrupt Jaypee Infratech

Read More>> NEW DELHI: Five companies -- NBCC, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways and Suraksha group -- have shown interest in taking over debt-ridden Jaypee Infratech, which is facing bankruptcy proceedings in NCLT. 

Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain had in October initiated a fresh initiative to revive Jaypee Infratech on NCLT's direction after lenders rejected over Rs 7,000 crore bid of Suraksha group. 

Jain had invited Expression of Interest (EoI) from companies to submit resolution plan to revive Jaypee Infratech LtdNSE 3.45 % (JIL), which has many stuck housing projects in Noida and Greater Noida.