Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice.
The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code.
Moving ahead with the process, the NCLT-appointed insolvency resolution professional (IRP) Anuj Jain has sought applications from entities with regard to Jaypee Infratech.
“Expressions of interest (EoI) are invited for the parties interested in submitting a plan for resolution of Jaypee Infratech…,” Jain said in the notice.
The last date for submitting EoI is November 7….
Read the full article at: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-irp-floats-eoi-for-resolution-plans/articleshow/61270387.cms
