The National Company Law Tribunal (NCLT) will hear on March 7 and March 9 matters related to approval of the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech Ltd.
In a regulatory filing, Jaypee Infratech Ltd (JIL) said the listing of matter of resolution plan, along with related pleas, is listed for consideration before the National Company Law Tribunal, Principal Bench, New Delhi, on March 7 and March 9.
In June last year, Mumbai-based Suraksha group received the approval of financial creditors and homebuyers to take over the JIL, raising hopes for around 20,000 homebuyers of getting possession of their dream flats.
Suraksha group got the approval of the committee of creditors (CoC) to acquire JIL, after the 10-day-long voting process.
Suraksha group won the bid with 98.66 per cent votes and it got 0.12 per cent more votes than NBCC.
As many as 12 banks and more than 20,000 homebuyers have voting rights in the CoC.
Homebuyers and creditors have 56.63 per cent and 43.25 per cent voting rights, respectively. Fixed deposit holders have 0.13 per cent voting rights.