Debt-laden Jaiprakash Associates Ltd (JAL), which is in bankruptcy court, has reported that the company defaulted on loans worth Rs 4,044 crore from various banks as on June 30.
“The total borrowing (including interest) of the company is Rs 29,277 crore, repayable by 2037, against which only Rs 4,044 crore is overdue,” the company said in an exchange filing.