Jaypee Group defaults on ₹4.4k cr loan payments
Infrastructure​ conglomerate Jaypee Group has defaulted on loans and other payments amounting to ₹4,460 crore, according to the company's disclosures. This comes amid Jaiprakash Associates, the group's flagship company, reporting a net loss of ₹3,345 crore for 2015-16. Earlier, the debt-ridden Jaypee Group had announced the part sale of its cement business to UltraTech Cement for ₹15,900 crore.