Jaiprakash Associates is the original promoter of Jaypee Infratech, which entered into insolvency resolution process in 2017. In the last hearing on February 19, YEIDA had submitted that the proposal received from Suraksha group has been placed before the Uttar Pradesh Government and the same is under consideration. However, during the proceedings held on Wednesday, YEIDA's counsel informed that the proposal submitted by SRA (successful Resolution Applicant) Suraksha group is still under consideration by the State Government and no final decision has yet been taken.
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