Kurukshetra Expressway (KEPL) is currently facing debt recovery proceedings after its toll project on the Rohtak-Bawal section of National Highway-71 in Haryana was terminated. The concession agreement was cancelled in July 2021 following prolonged disruptions and stoppage of toll collections.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana