Highlights
- The Committee of Creditors rejected the e-voting for the appointment and fees of PVRN & Co. and Nangia & Co. LLP for conducting the Corporate Insolvency Resolution Process Cost Audit of Jaiprakash Associates Limited, with votes receiving 49.07% and 46.63% respectively.
- The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision to admit Jaiprakash Associates Limited to the Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016, following a petition from ICICI Bank Limited.
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