Infrastructure Lakshadeep Pvt Ltd emerges as front-runner for Jaypee Infratech bid Updated : April 15, 2018 03:11 PM IST The firm made an offer to lenders to square of all the debt from proceeds of land swap and monetisation of revenues. JIL feels the company whose liquidation value is Rs 15,000 crore is being sold for less than half. Lakshadeep's offer is, however, not better than the proposal Jaypee Infratech Ltd (JIL) had made. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.