NCLAT stays bank guarantee invocation in JAL case, admits contractor’s plea
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Friday issued notice to the monitoring committee of bankrupt Jaiprakash Associates Ltd (JAL) on a plea by Velocity Enterprises, a Bhopal-based contractor, challenging the rejection of its claim under the insolvency process. The appellate tribunal said the matter warranted consideration and directed that the bank…

