The lenders of Jaypee Infratech Ltd (JIL) have rejected the Rs7,350cr bid made by Lakshwadeep, the highest bidder for the company as they found it inadequate. T he lenders of Jaypee Infratech Ltd (JIL) have rejected the Rs7,350cr bid made by Lakshwadeep, the highest bidder for the company as they found it inadequate. In a filing to the stock exchanges today, JIL said that the resolution plan submitted by Lakshwadeep Investments and Finance Pvt Ltd and others was rejected as less than 75% of the lenders voted in favor of the bid. The resolution plan was considered by the committee of creditors (CoC) in its meeting held on May 07, 2018, and put to e-voting on 8th and 9th of May 2018.
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