Jaiprakash Associates offers more than NARCL, but creditors wary
Mumbai: Debt-laden Jaiprakash Associates (JAL) last week made a ₹16,000-crore settlement offer to lenders in a desperate attempt to avoid bankruptcy. JAL said an initial upfront payment – of about ₹4,000 crore – will not be made immediately, but only after nine months from the date lenders agree to the settlement, people aware of the … Read more