Noida: Realty Group Based on Mumbai Surakha, which last month rose to the NBCC public sector NBCC in the voting process for the resolution of bankruptcy of Jaypee Infratech Ltd (JIL) to emerge as a preferred bidder, has deposited the RS 100 Crore as a ‘bank performance.
Guarantee ‘with professional temporary resolutions (IRP) Anuj Jain.
It has taken Surakha a step further in the process of taking over construction work of nearly 20,000 houses in the Wish Jil City project in Noida.
Jain will tell The National Company Law Tribunal (NCLT), which will give the last commandment of the resolution of JIL bankruptcy that will allow the work to start in the field.
“We have sent a deposit of our performance guarantee worth Rs 100 Crore with IRP,” Aalok Dave, MD & CEO, Surakha Arc, told Toi.
The same thing was confirmed by Jain.
Surakha appeared in front of the CIRP (the process of completing the company bankruptcy) voted with a thin margin of Wafer 0.12% on June 23.
The total house buyer who qualified for e-voting is 20,590 of which around 10,600 voters throw their electronic sounds.
Apart from buyers, 13 banks and 917 deposit holders still provide their voices.
Suraksha Assets Reconstruction Limited or Surakha Arc is a property reconstruction company formed in 2016 with its headquarters in Mumbai.
The bank warranty was submitted after the Petitioner resolution received an intention letter from the IRP.
If there is no opposition to Surakha’s proposal after the NCLT command, the construction work for a delayed house can begin.
The company has been committed to sending all houses within 6-40 months.