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Jaypee creditors pick IBC over NARCL's Rs 10,000 crore offer

By Economic Times - 4 months ago
Lenders plan insolvency route for debt-laden Jaypee, delaying debt sale to NARCL. Jaypee owes Rs 30,000 crore to 32 creditors, including ICICI Bank, and was admitted to NCLT recently after a six-year delay.

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