New Delhi, April 22 -- As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani Group also entering the fray.
According to sources, the Committee of Creditors (CoC) has asked Adani Infrastructure and Developers to submit their bid by April 24 as the committee would finalise the best bid on April 30.
According to sources, after its previous bid scored less than Suraksha, the other bidder, the NBCC board will meet on April 23 and approve a fresh bid before submitting it to the CoC on April 24.
In its letter of intent dated April 15, Adani Infrastructure and Developers requested t...