Currently, the NBCC is facing execution hurdles due to slow inflow of cash which is expected to get sorted soon.
Asserting that the offer is compliant, NBCC in a letter to the IRP also said the company is fully aware of its responsibilities to be compliant with applicable law in its deeds and actions.
The agenda of the meeting was not disclosed, but sources said the financial creditors, which includes banks and home buyers, will continue their negotiations with the two resolution applicants.
It is hereby informed that NBCC has submitted the freshmodified Resolution Plan for Jaypee Infratech Limited (JIL) on April 07, 2021,” the state-owned firm said in a regulatory filing.
State-owned construction firm NBCC (India) Limited on Monday defended the redevelopment project it has undertaken in seven South Delhi colonies, involving cutting of more than 16,000 trees, stating th