MUMBAI: Real estate developers Tata Housing and the Lodha Group have filed initial bids for debt-laden realtor and road builder Jaypee InfratechBSE -5.05 %, the fate of which is now being decided at the Supreme Court and the National Company Law Tribunal (NCLT), the country’s dedicated platform for insolvency resolution.
Two people familiar with the bidding process told ET that both property companies are keen to own Jaypee’s Yamuna Expressway, a prime concrete road project that ..