18 firms in race for Jaypee Infra assets

These parties might be keen on certain portions like the Yamuna Expressway

Jaypee Infratech, a subsidiary of Jaiprakash Associates that is undergoing insolvency proceedings at the behest of IDBI Bank, has received interest from 18 potential bidders. A number of prominent corporate groups, including banks, asset restructuring companies and industry players, have taken part in the bidding process for the builder’s assets.

Amid a wider debate on weather promoters should or should not be allowed to take part in bidding for toxic firms, it is learnt that the promoters of Jaypee Infratech are keen to present a resolution plan.

A source said that these parties might not be interested in Jaypee Infratech as a