Clix Capital Services Private Limited could walk away from the proposed merger with The Lakshmi Vilas Bank Limited (BSE:534690) if discussions on the deal continue to drag on, without a firm conclusion timeline. "We have to decide this urgently; we are happy to walk away from the deal and get on with our lives. This cannot go on forever," Pramod Bhasin, the founder of Clix Capital, told ET. Clix Capital had submitted an indicative non-binding offer for LVB on October 8, but is yet to get any substantive response from the stressed lender that needs immediate capital infusion to survive. Clix is also not comfortable on a potential hole in the bank's book in the aftermath of the Covid disruptions."We need to come to a conclusion; we submitted our offer a month ago. It's not good for us or the bank to carry on like this. Hence, there is an urgency to decide one way or the other and if it doesn't happen, we will walk away," Bhasin added. "A lot of time has passed without any substantive discussion in the way we would have liked."The two parties are also yet to arrive at an agreement over the appropriate valuation of LVB, which has a quarter of its loans as non-performing and has a negative capital adequacy. "So far as we are concerned, the talks are very much on. And we hope for a successful conclusion of the deal," said Shakti Sinha, a LVB director and a key member of the committee of directors appointed by RBI following the ouster of the bank's chief executive by shareholders. While Bhasin declined to comment on the roadblocks to the deal, ET has learnt that Clix Capital wanted the bank to make 100% provisions against the contingent liability to Religare Finvest. "The negotiations are revolving on what is the value of the bank, what they think is our value," Bhasin added. "The deal has to work for both sides; everyone knows they have substantial NPAs and those have to be accounted for".