Written by Surbhi Prasad | New Delhi |
Published:October 28, 2017 3:25 am
Under Section 25 of the Insolvency and Bankruptcy Code, it is the duty of a resolution professional to invite prospective lenders, investors and any other persons to put forward resolution plans once the information memorandum is ready.
The National Company Law Tribunal (NCLT)-appointed insolvency resolution professional (IRP) for Jaypee Infratech, Anuj Jain, has invited companies, including real estate firms, with a net worth of over Rs 1,000 crore to complete the delayed projects of Jaypee Infratech, including Noidas Wish Town project, by infusing Rs 2,000 crore or more.
The I…
Read the full article at: http://indianexpress.com/article/business/jaypee-infratech-irp-invites-firms-to-complete-projects-4909996/
