National Asset Reconstruction Company Limited agreed to acquire Stressed assets of Jaypee Infratech Limited from group of sellers for INR 35.7 billion on October 27, 2022. Consideration is in the form of cash and security receipts. Damodara Rao BM, Ashok Kamble and Shruti Sareen of Orbit Law Services acted as legal advisor to IDBI Bank Ltd., India Infrastructure Finance Company Limited, Union Bank of India, Life Insurance Corporation of India, State Bank of India, Canara Bank, Bank of Maharashtra, IFCI Limited, J&K Bank Limited. IDBI Capital Markets and Securities Limited worked as Financial advisor to Orbit Law Services.

National Asset Reconstruction Company Limited Completed the acquisition of Stressed assets of Jaypee Infratech Limited from group of sellers on January 21, 2023.