Jaypee Infratech is undergoing insolvency proceedings in the NCLT.
L&T Infrastructure, which was among the five companies that had submitted an expression of interest (EOI), was however excluded from the final list, as per the regulatory filing by Jaypee Infratech.
Sources had earlier said that L&T would not be considered for the bidding process as the infrastructure major was only interested in acquiring the 165-km long Yamuna Expressway that connects Delhi-Noida to Agra.
Jaypee Infratech's interim resolution professional (IRP) Anuj Jain said in the filing that the final list of companies for participating in the Corporate Insolvency Resolution Process of Jaypee Infratech Ltd has been prepared as per the Insolvency and Bankruptcy Code (IBC) regulations.
The tribunal had appointed Jain as IRP to manage the company's business, who later invited bids from investors interested in acquiring Jaypee Infratech and completing the stuck real estate projects in Noida and Greater Noida.
The realty firm has an outstanding debt of nearly Rs 9,800 crore, of which Rs 4,334 crore pertains to IDBI. Other lenders are IIFCL, LIC, SBI, Corporation Bank, Syndicate Bank, Bank Of Maharashtra, ICICI Bank, Union Bank, IFCI, J&K Bank, Axis Bank and Srei Equipment Finance.
However, this amount has now been transferred to NCLT as per the order of the apex court that has now directed starting a fresh bidding process.
(With inputs from agencies.)