New Delhi: Debt-ridden Jaiprakash Associates said on Monday that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan.
Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities and it is a fit case for resolution.
In a BSE filing, JAL said that the Insolvency Resolution Professional (IRP), appointed by the National Company Law Tribunal (NCLT), Allahabad, had issued an Expression of Interest for the resolution of JIL against which various companies and private equity funds evinced interest.
This matter was disclosed by IRP on 10 November during the meeting of Committee o…
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