NBCC may take over Stalled Jaypee Projects

NEW DELHI.The National Buildings Construction Corporation (NBCC) may soon be taking over incomplete projects of yet another beleaguered real estate company, Jaypee Infratech Limited.

 

A Supreme Court Bench of Justice A M Khanwilkar and Justice Dinesh Maheshwari Thursday gave the Corporation three weeks to submit a revised proposal for taking over 27 unfinished projects of the group. The court allowed the time to NBCC after the Corporation assured that it will come up with a revised proposal for this.

 

Appearing for the Centre, Additional Solicitor General Madhvi Divan said the Finance Ministry will assist the Corporation in coming up with the revised proposal.