NBCC wants lenders to consider its bid to acquire bankrupt Jaypee Infratech on merit

As its bid to acquire Jaypee Infratech 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.

NBCC had in the meeting sought some time to take all the necessary approvals. However, the lenders decided to put on vote on April 30 the offer of Suraksha Realty-led consortium and not that of NBCC.

In a letter to Jaypee Infratech's IRP Anuj Jain, NBCC has said it is very much interested in acquiring bankruptcy-bound Jaypee Infratech and its resolution plan should be considered on merit.

NBCC had informed to the ...