{"id":277218,"date":"2019-06-03T05:59:05","date_gmt":"2019-06-03T05:59:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277218"},"modified":"2019-06-03T06:26:30","modified_gmt":"2019-06-03T06:26:30","slug":"jaypee-infra-insolvency-lenders-move-nclat-seeking-nod-to-vote-against-nbcc-bid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jaypee-infra-insolvency-lenders-move-nclat-seeking-nod-to-vote-against-nbcc-bid\/","title":{"rendered":"Jaypee Infra insolvency: Lenders move NCLAT seeking nod to vote against NBCC bid"},"content":{"rendered":"<p>New Delhi: Lenders of Jaypee Infratech have filed a petition before the National Company Law Appellate Tribunal (NCLAT) to allow them to vote against state-owned NBCC&#8217;s bid in an ongoing insolvency process, sources said.<\/p>\n<p>The voting on NBCC&#8217;s bid started on Friday and will continue till June 10.<\/p>\n<p>On Thursday, the committee of creditors (CoC) had decided to put on vote NBCC&#8217;s bid to acquire the debt-laden realty firm even as the bankers had reservation on the state-owned firm not agreeing to dilute certain conditions in its offer including relief from future tax liabilities.<\/p>\n<p>According to the sources, the IDBI Bank-led consortium has approached the NCLAT, seeking that secured financial creditors should be permitted to vote against NBCC&#8217;s resolution plan or bid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Lenders of Jaypee Infratech have filed a petition before the National Company Law Appellate Tribunal (NCLAT) to allow them to vote against state-owned NBCC&#8217;s bid in an ongoing insolvency process, sources said. The voting on NBCC&#8217;s bid started on Friday and will continue till June 10. On Thursday, the committee of creditors (CoC) had decided to put on vote NBCC&#8217;s bid to acquire the debt-laden realty firm even as the bankers had reservation on the state-owned firm not agreeing to dilute certain conditions in its offer including relief from future tax liabilities. According to the sources, the IDBI [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-277218","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}