The Supreme Court has agreed to hear IDBIs plea seeking modification of its order staying the insolvency proceedings initiated against real estate firm Jaypee Infratech at the National Company Law Tribunal (NCLT), Allahabad.
The apex court on Monday stayed the insolvency proceeding against the Jaypee, and issued notice to firm and others on a plea filed by homebuyers who have not yet received possession of their dream flats booked with the company.
Advertisement opens in new window
A bench comprising Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud had sought the response of the real estate company, the RBI and others on a PIL filed by Chitra Sharma and other homebuyers alleging that they have not …
Read the full article at: https://www.outlookindia.com/website/story/supreme-court-to-hear-idbis-plea-against-stay-on-jaypee-insolvency-proceedings/301244
