NBCC says its offer for Jaypee Infratech ‘legally compliant’

State-owned NBCC, whose bid was rejected by creditors of Jaypee Infratech, on Wednesday asserted that its offer was “legally compliant” though the company will try to address the objections raised by the interim resolution professional if allowed to submit a fresh bid.

At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group’s bid. It also decided to conduct a voting process on May 27-28 to decide whether the two contenders — NBCC and Suraksha — should be given additional time to submit their revised and final bids.