Jaiprakash Power Ventures Settles NARCL Claim For ₹511 Crore; IBC Proceedings To Be Withdrawn
Market snapshot: Jaiprakash Power Ventures Limited has agreed to settle all claims and disputes with the National Asset Reconstruction Company Limited. Under the agreed terms, the company will make a full and final payment of ₹511 crore to NARCL. This major settlement paves the way for the withdrawal of the ongoing Insolvency and Bankruptcy Code…