Lenders of Jaypee Infratech have asked state-owned NBCC to withdraw some clauses, such as exemption from tax liability, that make its revised offer conditional and non-binding for acquiring the debt-ridden realty firm, sources said.

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. Jain has written to the committee of creditors (CoC) that NBCC’s revised bid is conditional as the state-owned firm has stated that the plan will not be binding on it unless key relief measures such as extinguishing of income tax liability and a dispensation from seeking consent of YEIDA for any business transfer is granted, sources had said earlier.

The CoC is considering NBCC’s offer after it rejected Mumbai-based Suraksha Realty’s bid on May 3 through a voting process under the insolvency law.

Earlier, the creditors' panel did not allow a vote on NBCC’s bid citing lack of approvals from the government departments. NBCC has now got all the necessary approvals.

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.

It was decided in the meeting that lenders would seek written clarifications from NBCC.