{"id":416983,"date":"2021-05-27T08:36:50","date_gmt":"2021-05-27T03:06:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416983"},"modified":"2021-05-27T08:56:28","modified_gmt":"2021-05-27T03:26:28","slug":"revised-offer-for-jaypee-infratech-is-legally-compliant-says-nbcc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/revised-offer-for-jaypee-infratech-is-legally-compliant-says-nbcc\/","title":{"rendered":"Revised offer for Jaypee Infratech is legally compliant, says NBCC"},"content":{"rendered":"<p>State-owned NBCC, whose bid was rejected by creditors of Jaypee Infratech, on Wednesday asserted that its offer was &#8220;legally compliant&#8221; though the company will try to address the objections raised by the interim resolution professional if allowed to submit a fresh bid.<\/p>\n<p>At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group&#8217;s bid. It also decided to conduct a voting process on May 27-28 to decide whether the two contenders &#8212; NBCC and Suraksha &#8212; should be given additional time to submit their revised and final bids. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned NBCC, whose bid was rejected by creditors of Jaypee Infratech, on Wednesday asserted that its offer was &#8220;legally compliant&#8221; 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&#8217;s bid. It also decided to conduct a voting process on May 27-28 to decide whether the two contenders &#8212; NBCC and Suraksha &#8212; should be given additional time to submit their revised and final bids. In a letter to Anuj [&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":[135,130,168],"tags":[],"class_list":["post-416983","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416983","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=416983"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416983\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}