Business Relief for Jaypee Associates, NCLAT directs Jaypee Infra’s pledged assets to remain with lenders Updated : May 25, 2018 06:33 AM IST Jaypee Associates is the parent company of Jaypee Infratech and enjoys a 100% stake in the latter. The three lenders – Axis Bank, ICICI Bank, Standard Chartered – argued that such transactions were par for course. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.