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It is a no brainer. If it is NLS or NALSAR, you should take the position of an Assistant Professor instead of waiting for a teaching role at a private university.
It is simple. Stay where you can finish your Ph.D. Private universities will load you with unnecessary work. Ph.D is a must to continue in academia.
Teaching at Tier 1 NLU (NLS/ NALSAR/ NUJS/NLUD) always better than any private university.

Teaching at Jindal is of course more rewarding and better than NLUs unless you get a permanent appointment in NLUs/ Govt Univ.

Hope this helps.
It's not Jiggles but follows its template. (Except salaries which are UGC scale)

Do you see better growth at Jiggles than say, a tier 1 NLU?
I guess I should stop overthinking this. These private law school folks are good at selling.
Bata do yaar koi. Whoever I am asking leaves me more confused.