Banks conclude sale of Jaiprakash Associates loan to NARCL; To see recovery in Q4

JAL, which was classified as a non-performing asset (NPA) in 2016 and was admitted to bankruptcy court last year, has been at the centre of one of India’s most prolonged corporate debt struggles. Earlier in January, CNBC-TV18 reported that NARCL had emerged as the sole suitor to acquire JAL’s stressed loans.