Sumant Batra, India’s leading insolvency lawyer, has uncovered the epic insolvency journey of the Jaypee Infratech, with the launch of his book, ” The Jaypee Infra Insolvency Saga’.
It was in August 2017 that 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, thousands of homebuyers who had invested their hard-earned savings in Jaypee Infratech’s residential projects were the hardest hit by the proceedings, leaving them wondering if their dream home would ever come true.
The long-drawn insolvency process spanned the course of nearly seven years. It was in June this year that 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 his book, ‘The Jaypee Infra Insolvency Saga’ the author Sumant Batra presents the first-hand account of what will arguably go down in the annals of history as one of the most significant insolvency proceedings. He offers an exhaustive account of the resolute fight that thousands of homebuyers put up to get their homes.
By chronicling the behind-the-scenes saga of this extraordinary insolvency case, the book captures the triumph of India’s insolvency regime, while underscoring the importance of a robust insolvency framework in an economy.
Published by Om Books International, the book is available on Amazon for sale.
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