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Bhilai Jaypee put under IBC process
Mint New Delhi
|October 23, 2025
The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Ltd, for a default of ₹45 crore.
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The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt. Ltd, to which Bhilai Jaypee Cement owed ₹45 crore against supply of coal.
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