Billionaire bidders must show the money in Jaypee insolvency face-off
This marks a key milestone in one of the longest-running corporate insolvency proceedings of the country. The five bidders in fray are billionaire Anil Agarwal’s Vedanta Ltd, billionaire Gautam Adani-led Adani Enterprises, billionaire Naveen Jindal-backed Jindal Power Ltd, Puneet Dalmia’s Dalmia Bharat and PNC Infratech Ltd. “There are more processes to be followed and approvals…

