In August 2017, Jaypee Infratech Limited, a towering giant in the Indian real estate and infrastructure sector, found itself mired in a labyrinth of insolvency proceedings, sending shockwaves through the industry. Among the many stakeholders involved, the thousands of homebuyers who had invested their hard-earned savings in Jaypee Infratech’s residential projects were hit the hardest by the proceedings.The long-drawn insolvency process finally ended in June 2024, as the company emerged triumphant with a successful resolution, seeking to reclaim its position as a leading player in the real estate sector with almost all stakeholders emerging victorious. In The Jaypee Infra Insolvency Saga, Sumant Batra, India’s most reputed insolvency lawyer presents the first- hand account of what will arguably go down in the annals of history as one of the most significant insolvency proceedings.