In the last CoC meet held on May 9, lenders had sought clarifications from NBCC on various relief measures and concessions proposed in its revised bid. Lenders wrote a letter to NBCC late on Friday regarding this matter, they said, adding that the public sector firm has been told to reply by May 13 as the lenders’ meet has been fixed for May 14. Jaypee Infratech’s interim resolution professional (IRP) Anuj Jain had pointed out to the lenders that NBCC’s bid was conditional and non-binding. Earlier, the creditors' panel did not allow a vote on NBCC’s bid citing lack of approvals from the government departments. In the last CoC meet held on May 9, lenders had sought clarifications from NBCC on various relief measures and concessions proposed in its revised bid.

Source: The Telegraph May 11, 2019 18:33 UTC