Jaypee lenders to vote on NBCC’s revised bid

NEW DELHI: A creditors’ panel of Jaypee Infratech on Tuesday decided to put on vote the revised offer of state-owned NBCC Ltd to acquire the debt-laden realty firm through insolvency proceedings, sources said. A Committee of Creditors met on Tuesday and took this decision even as NBCC yesterday decided against diluting certain conditions, including exemption from tax liability, in its revised offer. Voting process is likely to start on May 16 and end on May 19, sources say. On Friday, lenders had written to NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan. The CoC considered NBCC’s offer after it rejected Mumbai-based Suraksha Realty’s bid on May 3, through voting process. PTI