In August 2017, Jaypee Infratech Limited, a towering giant in the Indian real estate and infrastructure sector, found itself mired in a labyrinth of insolvency proceedings sending shockwaves through the industry. Among the many stakeholders involved, the thousands of homebuyers who had invested their hard-earned savings in Jaypee Infratech’s residential projects were hit the hardest by the proceedings, leaving them wondering if the homes they were promised would ever see the light of the day.
The long-drawn insolvency process spanned the course of nearly seven years as the insolvency professional, navigated through a maze of complications. The turbulent process finally ended in June 2024, as the company emerged triumphant with a successful resolution, seeking to reclaim its position as a leading player in the real estate sector while almost all stakeholders emerged victorious.
In The Jaypee Insolvency Saga, Sumant Batra, an insolvency lawyer who played a crucial role in the process and the positive outcomes, presents the first-hand account of what will go down in the annals of history as arguably one of the most significant insolvency proceedings.
Batra presents an exhaustive account of the resolute fight that thousands of homebuyers put up to get their homes as the insolvency proceedings became the foreground of the battle. At the same time, the book underscores the importance of a robust insolvency framework that balances the interest of disparate stakeholders and prevents similar crises in the future, making this an invaluable chronicle of an extraordinary case.
Book details :-
Publisher : Om Books International; Standard Edition (29 September 2024)
Paperback : 304 pages
Item Weight : 240 g
Dimensions : 21.6 x 13.8 x 1.8 cm
Country of Origin : India
Best Sellers Rank: #31,333 in Books (See Top 100 in Books)
