Bidders running out of patience as Jaypee Infra bankruptcy gets delayed

Despite being sent to the bankruptcy courts in August 2017 and SC orders, lenders await resolution of Rs 22,000 cr debt

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