In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.
Meanwhile, one member of the board of directors (BoD) of the company moved the Punjab and Haryana High Court alleging that the copy of the resolution plan was not served to him.
The Delhi-based appellate also directed for the completion of the ongoing voting process, which ends later in the day.
The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.
As per NCLAT directives, lenders are negotiating with the NBCC on the latter's bid to acquire Jaypee Infratech and complete stuck housing projects comprising over 20,000 units.
During the proceedings, senior advocate Kapil Sibal appearing for Standard Chartered Bank, a secured creditor of Essar Steel, questioned the addition of working capital in the final resolution amount.
NCLAT has also approved the delay of 12 days in filing appeal (By the association) against the order of the Competition Commission of India (CCI).
Hearing a plea by the IDBI Bank that sought a stay or annulment of the voting process, an NCLAT bench headed by chairman Justice S J Mukhopadhaya asked lenders to conduct fresh voting from May 31.
Homebuyers and lenders of Jaypee Infratech on Thursday started voting on NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats.
The NBCC’s revised bid to acquire Jaypee Infratech was expected to be discussed on May 14 by the Committee of Creditors (CoC).