Jaiprakash Associates, facing a severe crisis, has defaulted on loans worth Rs 4,616 crore. This default marks another setback for the troubled company, adding to its financial woes. The default underscores the deepening troubles within the company, which has been struggling with financial challenges for some time. This development could have significant implications for Jaiprakash Associates and its stakeholders, highlighting the urgency of addressing the underlying issues plaguing the company's financial health.