Jaypee Infra creditors board to NBCC: Drop conditions, then we'll talk

Lenders and homebuyers would meet again on May 14 to continue the discussion

In a clear message to NBCC (India), formerly known as National Buildings Construction Corporation, the committee of creditors (CoC) of the beleaguered Jaypee Infratech (JIL) projects on Thursday indicated that the state-owned infrastructure giant should remove conditions around its proposal if it hopes to win the bid, sources said.

The CoC met on Thursday to discuss NBCC’s revised offer after it rejected the bid of Mumbai-based Suraksha Realty on May 3 through a voting under the insolvency proceedings. The creditors’ panel will meet again on May 14 to further discuss the revised bid of NBCC.

According to sources, in the