New Delhi, Nov. 9 -- Conglomerate Jaiprakash Associates Limited, which has been under deep financial stress along with several financial creditors and thousands of homebuyers, will soon see light at the end of the tunnel with the resolution process expected to conclude soon, sources in the know said Sunday.

Jaiprakash Associates Limited was admitted under Insolvency and Bankruptcy Code on June 3, 2024, and an independent professional was appointed as resolution professional (RO).

The resolution professional invited claims from all the stakeholders, the financial creditors submitted claims of Rs 56,000 crore of which claims of Rs 55,370 were admitted. Other key stakeholders in the insolvency proceedings are the homebuyers which have admi...