Tag: NBCC

The Company received the award for its outstanding contribution in adoption of maximum Digital Technology in the organization’s operations as envisioned in the Prime Minister’s Digital India initiative. Arjun Ram Meghwal, Minister of the Ministry of Heavy Industries and Public Enterprises accompanied by Shailesh Lodha, Indian Actor, gave away the award. R K Srivastav, GM (Admn.); Satish Nangia, GM (IT); Pradeep Sharma, GM (BD); Anurag Verma, AGM seen receiving the award.

Jaypee Infratech in the year 2017 went into the Insolvency Process after their lenders, i.e., an IDBI Bank-led consortium moved to NCLT against the debt-ridden corporate debtor. As per the application, Jaypee owns an amount of approximately Rs 10,000 crores to the bankers. Round 1 of the Insolvency proceeding to revive Jaypee was initiated last year, wherein Lakshdeep made a bid of Rs 7,350 crore which was rejected by the lenders of Jaypee (corporate debtor). Further, in October last year, the Insolvency Resolution professional started the 2nd round of bidding as per the direction of NCLT to revive Japyee