Thanks @BillHyatt
They are saying correct that applications will be deferred but cannot be rejected without a reason.
For all others with same question I would like to inform that I have contacted OINP experts and it seems they are near to finalisation. They have taken many applicants and now they are facing backlogs.
I was told to expect some good amount of Nominations today in few hours followed by many nominations from Monday to Wednesday next week.
However, no one knows if they will be able to process all applications by this time.
I hope this will help.