Jaiprakash power share: Indian billionaire Gautam Adani’s conglomerate is

Indian billionaire Gautam Adani’s conglomerate is the frontrunner to buy the insolvent Jaiprakash Associates Ltd, setting the stage for his first $1 billion-plus acquisition since a short seller... Company profile for Jaiprakash Associates Limited (NSE:JPASSOCIAT) with a description, list of executives, contact details and other key facts. The national company law appellate tribunal (NCLAT) has dismissed a plea by Jaypee Infratech Ltd (JIL) seeking Rs15 crore in interest on funds deposited by its parent company, Jaiprakash Associates Ltd (JAL), during JIL’s insolvency process. The appellate tribunal ruled that JIL was not entitled to claim interest on the Rs546 crore released to it from the Rs750 crore originally deposited by JAL under the Supreme Court (SC)’s directions in 2017 to safeguard homebuyers’ interests. Established in October 2007, Jaypee Sports International Ltd. (JPSI), a subsidiary of Jaiprakash Associates Limited (JAL), has constructed India’s premier motorsports destination – the Buddh International Race Circuit – which has hosted India’s first ever F1 Grand Prix on 30th October, 2011.