Additionally, it has proposed finishing all pending apartments within the next four years. In August 2017, JIL entered the insolvency process after the NCLT accepted an IDBI Bank-led consortium's application. Lenders turned down Lakshadweep's Rs 7,350 billion bid, which was part of the Suraksha group, in the first round of the insolvency proceeding. In the second round, which took place in May-June 2019, Suraksha and NBCC's bids were turned down by the CoC. In November 2019, the Supreme Court ordered that only NBCC and Suraksha should be invited to submit revised bids.