Jaiprakash Associates lenders appoint Deloitte to support resolution professional

Deloitte has been selected to manage the resolution process for Jaiprakash Associates amid its insolvency case involving claims over Rs 51,509 crore. The company’s major creditors—SBI, ICICI Bank, and IDBI Bank—hold nearly 60% of its debt. Jaiprakash Associates' diverse assets include cement plants, real estate in YEIDA, hotels in multiple cities, and India's only Formula One track.