Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT
The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates…