Lenders to Jaypee Infratech (JIL) have extended the deadline till February 15 for the shortlisted bidders to submit their resolution plans for the debt-ridden firm. NBCC, Kotak Investment Advisors, Sudhir Valia-promoted Suraksha ARC and Cube Highways & Infrastructure have submitted expressions of interests (EoIs) for JIL, in which the first attempt of resolution did not elicit any result. \u201cData room has been opened for all the four who submitted EoIs. They are currently carrying out due diligence. On their requests, the deadline for submitting resolution plans has been extended to February 15 from January 27 set earlier,\u201d said a source. Lenders to the company have already approved the proposed evaluation matrix of the bids and the process for request for resolution plan through electronic voting. The National Company Law Tribunal (NCLT) had on August 9, 2017, admitted IDBI Bank\u2019s plea for initiation of the corporate insolvency resolution process (CIRP) against JIL for defaulting on a `526-crore loan. However, a resolution eluded the firm within the stipulated timeframe as lenders were not happy with \u201ctoo low\u201d bids. READ ALSO |\u00a0Mukesh Ambani\u2019s Reliance Retail only Indian firm on Deloitte\u2019s top 250 retailers\u2019 list; check first 3 On a writ petition filed by homebuyers, the Supreme Court had on August 9, 2018, directed JIL\u2019s resolution professional Anuj Jain \u201cto follow the provisions of the insolvency code afresh in all aspects\u201d. Noting that the liquidation of Jaypee would serve no purpose for homebuyers, financial institutions or the promoters, the apex court, exercising power under Article 142 of the Constitution, extended the insolvency process of Jaypee for another 180 days. Earlier, Lakshdeep, Adani Group and a joint venture between Kotak Investment Advisors and Cube Highways had submitted the resolution plans. Consequently, Sudhir Valia-promoted Suraksha ARC had emerged as the front-runner to acquire JIL. However, in May 2018, lenders to JIL had rejected the `7,350-crore bid by Suraksha as they found it \u201ctoo low\u201d. According to a note prepared by IDBI Bank, Jaypee\u2019s largest lender, the company\u2019s actual value stands at `17,111 crore, while its distress value is pegged at `14,548 crore. JIL has `9,000-crore outstanding to various banks. JIL\u2019s assets include 25,000 apartments that are under construction and 3,000 acre of land parcels, mostly along with the expressway.