Insolvency resolution professional rules out refund possibility for home buyers in Jaypee case – Economic Times

NEW DELHI: The insolvency resolution professional (IRP) handling the Jaypee Infratech case has ruled out the possibility of home buyers getting refunds, but has assured efforts are being made to ensure the continuation of project development. The Allahabad bench of the National Company Law Tribunal (NCLT) on August 9 classified Jaypee Infratech as insolvent on…

Jyoti Structures intimates of initiation of corporate insolvency resolution process – Business Standard

Board of Jyoti Structures suspended w.e.f. 12 July 2017 Jyoti Structures announced that the Company has been going through financial difficulty. One of the Lenders i.e. State Bank of India had filed application for initiation of corporate insolvency resolution process (CIRP) of the Company as per the provisions of the Insolvency and Bankruptcy Code…