Highlights
- The National Company Law Appellate Tribunal upheld the order of the National Company Law Tribunal admitting Jaiprakash Associates Limited to the Corporate Insolvency Resolution Process.
- The National Company Law Appellate Tribunal found that Jaiprakash Associates Limited had made a One Time Settlement offer and paid ₹ 200 Crores as an upfront amount.
- The appeals filed by a Suspended Director of Jaiprakash Associates Limited challenging the Corporate Insolvency Resolution Process were rejected by the National Company Law Appellate Tribunal.
The National…
