NEW DELHI: As its bid to acquire Jaypee InfratechNSE -4.00 % got rejected by lenders, state-owned NBCC has written to the interim resolution professional (IRP) that the company is interested in taking over Jaypee group firm and its offer should be considered on merit.
NBCC, which is also completing some projects of Amrapali group on the Supreme Court’s direction, said its offer safeguards the interests of bankers as well as homebuyers.
In its meeting on April 26, a committee of creditors (CoC) decided not to consider NBCC’s bid as it was subject to approval of various government authorities.
