Bidders of Jaypee Infratech Ltd (JIL) are getting impatient with the bankruptcy process run by Indian lenders, which has failed to find a solution since August 2017. One of the first bankruptcy cases sent under insolvency and bankruptcy code 2016, the company has attracted two bidders in the final round-–NBCC India and Suraksha ARC.
The homeowners, who had moved the Supreme Court to get a seat on the CoC (committee of creditors), are also awaiting the keys of their houses for over a decade. At the same time, lenders, who sunk Rs 22,000 crore in the company and have not received a ...
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