As the deadline to submit final bids to acquire Jaypee Infratech ended on Friday, only two companies -- state-owned NBCC and Suraksha Group -- have shown interest to take over the debt-ridden realty firm, said sources familiar with the matter.

Jaypee had earlier said NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha Group have been shortlisted as bidders and asked them to submit their resolution plans by February 15.

However, sources said only NBCC and Suraksha Group have come forward and placed bids for Jaypee Infratech, with the other two players - Kotak Investment and Cube Highways - backing out.

Of the five players that had initially submitted an Expression of Interest (EoI) to acquire the company, L&T Infrastructure, was excluded from the final list, Jaypee Infratech had said in an exchange filing.

The lenders did not consider L&T Infra's offer as the company was only interested in acquiring the Jaypee's 165-kilometer long Yamuna Expressway and not the rest of the assets, sources told CNBC-TV18, requesting anonymity.

NBCC on Friday said it has bid to take over Jaypee Infratech and complete stalled housing projects in Noida, Uttar Pradesh. NBCC chairman and managing director Anoop Kumar Mittal said the company is "keen to acquire" Jaypee Infratech and complete over 20,000 housing units.

He declined to share the bid value but said the resolution plan submitted by the company is beneficial for all stakeholders, including banks, home buyers and NBCC.

In a filing to the BSE, NBCC said it has submitted the bid to interim resolution professional Anuj Jain.

Jaypee Infratech was taken to the National Company Law Tribunal by IDBI Bank in 2017, and subsequently, the highest bid at the time was placed by Lakshadeep, which was a joint venture between Suraksha Group and Dosti Realty.

However, the committee of creditors rejected its offer of about Rs 7,350 crore as it found the amount is inadequate, according to sources in the know.

Thereafter, the Supreme Court in October 2018 ordered the resolution professional and lenders to start the corporate insolvency resolution process afresh, in order to protect the interests of over 20,000 homebuyers involved.

Homebuyers, after the amendment to the Insolvency and Bankruptcy Code (IBC), now also have a seat at the table in the committee of creditors.

A meeting of the committee of creditors will be held on February 18 to discuss bids, the sources said.

First Published:Feb 15, 2019 9:31 PM IST