Pedestrian walks along an empty road as residential buildings stand under construction at the Jaypee Wish Town Project, developed by Jaypee Infratech Ltd., in Noida, Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

After Refusing NBCC Bid, Jaypee Infratech Lenders Look To Courts For Cues

The process to finalise a resolution plan for Jaypee Infratech Ltd, which was referred for insolvency nearly two years ago, may stretch out further. Lenders to the company have rejected the only se...