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.
In a letter to Anuj Jain, the Interim Resolution Professional (IRP) for Jaypee Infratech Ltd (JIL), NBCC said it has responded to his letters on non-compliance issues related to its offer to dissenting financial creditors.
