The financial creditors of Jaypee Infratech have deferred the voting process on the offer of the Suraksha group for the realty firm.
Later this week, the creditors will decide on whether they will consider afresh the bids of the Suraksha group as well as NBCC.
NBCC last week had strongly objected to the committee of creditors (CoC) rejecting its offer even as it questioned the jurisdiction of interim resolution professional (IRP) Anuj Jain.
The CoC at its meeting on Monday decided to vote on May 27 and May 28 on whether both the contenders should be allowed to submit their resolution plans for Jaypee Infratech Ltd, which went into insolvency proceedings in 2017.
In the earlier schedule, the voting process on Suraksha group’s bid was to commence from Monday noon and end at 5pm on May 27.
According to a regulatory filing, the CoC has deferred the voting process on the Suraksha group’s bid. The CoC has also decided “to put to vote from May 27 to May 28 the proposal to give more time to Suraksha and NBCC to submit final resolution plans”.
A PTI report quoting sources said there was no unanimity among lenders on whether the NBCC bid should be considered at this stage. Therefore, it was decided to take the views of the lenders and homebuyers through voting on whether further extension should be given to both the parties.
On Sunday, the Suraksha group warned of legal action against lenders as well as the IRP if there are any delays and changes in the voting process.