Tuesday, 30 July 2019

Jaypee Infra insolvency: NCLAT permits fresh bids

In a relief to homeowners, the National Company Law Appellate Tribunal (NCLAT) paved the way on Tuesday for the third round of bidding for beleaguered Jaypee Infratech. It allowed the resolution process to be finished in 90 days which will include a 45-day window for the resolution professional and lenders of the debt-ridden firm to invite fresh bids.

from The Times of India https://ift.tt/2K3fSQC

No comments:

Post a Comment

South Korean police officer admits to closing missing person cases to avoid work

The officer falsely claimed he contacted missing persons and prematurely closed their cases on the South Korean holiday island of Jeju. fr...