Jaiprakash Associates Insolvency: NCLAT issues notice to ICICI, asks to consider OTS proposal – The Economic Times
Insolvency appellate tribunal NCLAT has issued a notice to ICICI Bank over the plea of Jaiprakash Associates Ltd and said the private sector lender may consider the one-time settlement proposal submitted by the debt-ridden company by June 24, the next date of hearing.During the proceedings of NCLAT, JAL through its counsel submitted that it is…