Jaiprakash Associates defaults on Rs 4 258 crore loans
(This story has not been edited by THE WEEK and is auto-generated from a PTI
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(This story has not been edited by THE WEEK and is auto-generated from a PTI
Jaiprakash Associates Ltd (JAL), the flagship company of the crisis-hit Jaypee Group, has disclosed a default on loans amounting to Rs 4,258 crore, including both principal and interest, in a regulatory filing.
Jaiprakash Associates: The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates on Monday said it has defaulted on loans worth Rs 4,258 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company has on October 31 defaulted on repayments of
At present, the CRC Group is undertaking construction of projects spread over a total of 72 lakh square feet area. The company has also collaborated with Jaypee to construct a high-end ultra-luxury residential complex with a golf course view, the firm said.