Jaiprakash Associates Ltd (JAL), a key entity within the Jaypee Group, is currently undergoing an insolvency process. In a significant move, a consortium of lenders has transferred their outstanding loans from JAL to the National Asset Reconstruction Company Ltd (NARCL). This decision is part of the broader efforts to manage non-performing assets (NPAs) and improve the financial health of the banking sector. The total outstanding loans of JAL stood at INR 55,493.43 crore as of February 20, 2025. However, the exact value of the debt transferred to NARCL has not been disclosed.
The consortium of lenders includes some of India’s largest financial institutions, such as State Bank of India (SBI), ICICI Bank, IDBI Bank, Axis Bank, Life…
