CoC may hold more meets with JaypeeInfratech bidders

The Committee of Creditors (CoC) overseeing JaypeeInfratech’s insolvency resolution process is likely to hold more meetings with two bidders before deciding, two people with direct knowledge of the development said. In a meeting on Monday, the lenders discussed the bids received from state-run construction company NBCC and Suraksha Asset Reconstruction Company. Both bidders made separate presentations to the CoC. Anuj Jain, the insolvency resolution professional (IRP), had shortlisted four players — NBCC, Kotak Investment, Singapore-based Cube Highways and the Suraksha Group — and asked them to submit their resolution plans by February 15.