NCLAT Rules Jaypee Infratech Not Entitled to Rs15 Crore Interest on Funds Deposited by Parent Jaiprakash Associates

The national company law appellate tribunal (NCLAT) has dismissed a plea by Jaypee Infratech Ltd (JIL) seeking Rs15 crore in interest on funds deposited by its parent company, Jaiprakash Associates Ltd (JAL), during JIL’s insolvency process. The appellate tribunal ruled that JIL was not entitled to claim interest on the Rs546 crore released to it from the Rs750 crore originally deposited by JAL under the Supreme Court (SC)’s directions in 2017 to safeguard homebuyers’ interests. Delivering its judgment on 4 November 2025, the NCLAT’s principal bench in New Delhi, led by chairperson justice Ashok Bhushan and technical member Barun Mitra, held that both the interim and final orders in the long-running case did not grant JIL any right to claim interest on the funds. “The applicant havin