Majority of homebuyers, some lenders vote in favour of NBCC bid to acquire Jaypee Infra

Majority of homebuyers and many lenders, including IDBI, have voted in favour of state-owned NBCC bid to acquire debt-laden realty firm Jaypee Infratech in an ongoing insolvency process, sources said.

The simultaneous voting to bids of both the contenders NBCC and Mumbai-based Suraksha Realty started on Dec 10 and ended tonight at 11.59 pm.

As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. Buyers have nearly 58 per cent votes. For a bid to be approved, 66 per cent votes are required.

According to sources, most of the home buyers have voted in favour of NBCC, while some lenders including IDBI and IIFCL too supported the resolution plan of NBCC.

Final voting result is yet to be declared.

This is the third round of bidding process, initiated on the direction of the apex court.

Jaypee Infratech's Interim Resolution Professional (IRP) had admitted homebuyers' claim amounting to over Rs 13,000 crore and lenders claim of nearly Rs 9800 ...