Jaiprakash Gaur’s lifetime of building has ended in a legacy of bankruptcy

At 94, Jaiprakash Gaur should have been sitting atop the hill of Indian enterprise, having built a multi-billion-dollar conglomerate from scratch. Instead, he now watches his empire in ruins, his reputation in tatters. The man once celebrated as a builder could only stand by as the National Company Law Tribunal (NCLT) admitted his flagship, Jaiprakash Associates Ltd, into insolvency. Weighed down by his group’s staggering ₹57,000 crore debt, accumulated over decades of ambition that produced expressways, d ...