The Jaypee Infra Insolvency Saga

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 their dream home would ever come true.

The long-drawn insolvency process spanned the course of nearly seven years as the insolvency professional leading the case navigated through a maze of complications, supported by his legal adviser. 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 with almost all stakeholders emerging victorious.

In The Jaypee Infra Insolvency Saga, Sumant Batra, India's most reputed insolvency lawyer, who played a crucial role in the process and the positive outcomes, 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 making this an invaluable chronicle of an extraordinary case and the triumph of India's insolvency regime, the book underscores the importance of a robust insolvency framework in an economy.

Reviews

An outstanding amalgam of law and literature...in his inimitable style, Sumant Batra has given a literary flavour to this important judgment.

- Justice A K Sikri
Former Judge, Supreme Court of India
International Judge, Singapore International Commercial Court

Jaypee Infra insolvency...a chronicle of complications.

- Justice Dinesh Maheshwari
Judge, Supreme Court, in Jaypee Kensington Judgment