Jaiprakash Associates including its branch Jaypee Infratech lacking some financial problem, both had unpaid principal and interest compensations of approx Rs 4,500 crore to banks at the end of March, said by auditor. Auditor MP Singh & Associates noted in its report that came with the company’s annual results announced late last month. Jaiprakash Associates ( JAL’s) interest and principal compensations were unpaid for up to 9 month means 269 days.

Jaypee Group, which has great concern in cement, infrastructure,power and real; estate, has been striving poor finances and has been enforced to sell many of its resources to run over a damage jerk. Real Estate projects of Jaypee Noida are running badly behind inventory. Lots of people who had booked villas, apartments and several plots before 5 years are still waiting for delivery. The delayed reimbursement occurred against the group transferring land bank and its headquarters to bankers to clear a part of loan.

The saving balance for the group is that bankers have not disclose the loans as non-performing credit against the major delay in repayment on the ground that Jaypee Group is scheduled to get Rs 15,900 crore for the sale of cement plants to Kumar Mangalam Birla’s UltraTech Cement. A loan is declared an NPA if it remains overdue for over 90 days.