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.
The long-drawn insolvency 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 with almost all stakeholders emerging victorious. In The Jaypee Infra Insolvency Saga, Sumant Batra, India’s most reputed insolvency lawyer presents the first- hand account of what will arguably go down in the annals of history as one of the most significant insolvency proceedings.
Sumant Batra is India’s leading insolvency lawyer and among the top thirty globally, as rated by Global Restructuring Review. He has worked as senior international consultant to the IMF, World Bank Group, OECD and other development institutions. His book on corporate insolvency is considered the most authoritative work on the subject. He has contributed essays in numerous anthologies on insolvency. A champion of cultural initiatives, Sumant is the founder and architect of a number of innovative projects to promote Indian heritage and literature, including the popular Kumaon Literary Festival. He is the author of The Indians, a bestselling coffee-table book that includes a foreword by Cherie Blair, and Anarkali; and co-author of An Actor’s Actor: The Authorized Biography of Sanjeev Kumar.
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.
The long-drawn insolvency 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 with almost all stakeholders emerging victorious. In The Jaypee Infra Insolvency Saga, Sumant Batra, India’s most reputed insolvency lawyer presents the first- hand account of what will arguably go down in the annals of history as one of the most significant insolvency proceedings.
Sumant Batra is India’s leading insolvency lawyer and among the top thirty globally, as rated by Global Restructuring Review. He has worked as senior international consultant to the IMF, World Bank Group, OECD and other development institutions. His book on corporate insolvency is considered the most authoritative work on the subject. He has contributed essays in numerous anthologies on insolvency. A champion of cultural initiatives, Sumant is the founder and architect of a number of innovative projects to promote Indian heritage and literature, including the popular Kumaon Literary Festival. He is the author of The Indians, a bestselling coffee-table book that includes a foreword by Cherie Blair, and Anarkali; and co-author of An Actor’s Actor: The Authorized Biography of Sanjeev Kumar.
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