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    Question

    The Mumbai-based realtor Suraksha Realty is acquiring

    Jaypee Infratech for a consideration of _____.
    A Rs.7736 crore Correct Answer Incorrect Answer
    B Rs.6523 crore Correct Answer Incorrect Answer
    C Rs.8189 crore Correct Answer Incorrect Answer
    D Rs.5510 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A two-member principal Bench of the National Company Law Tribunal (NCLT) has cleared the acquisition of Jaypee Infratech by Mumbai-based realtor Suraksha Group.Suraksha Realty had made the winning bid of Rs 7,736 crore against government-owned NBCC (India)’s Rs 6,536 crore offer in June 2021.

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