Jaypee Infra: Lenders face Rs 3,700-cr hit

NEW DELHI:Lenders to Jaypee Infratech will have to take a haircut of over Rs 3,700 crore while 20,000 homebuyers will not get paid any penalty for delay in construction of their homes in the takeover proposals brought by Mumbai-based Suraksha Realty and NBCC for the debt-laden firm.

Jaypee Infra: Lenders face  Rs 3,700-cr hit

ROBINSINGH@TRIBUNE.COM

New Delhi, December 6 

Lenders to Jaypee Infratech will have to take a haircut of over Rs 3,700 crore while 20,000 homebuyers will not get paid any penalty for delay in construction of their homes in the takeover proposals brought by Mumbai-based Suraksha Realty and NBCC for the debt-laden firm.

While bringing in very little cash, the two firms have offered land out of the landbank of Jaypee Infratech to settle some of the dues of the lenders. Sources said neither is offering any penalty to homebuyers whose houses have been delayed. — PTI

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