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JAL notified the stock exchanges on Tuesday, June 24, that five resolution plans have been submitted by the deadline set by the appointed resolution professional
Jaypee Group enters final bankruptcy stage with five bids.
Once a towering name in infrastructure and real estate sectors, the Jaypee Group has officially entered the final phase of bankruptcy proceedings. Jaiprakash Associates Limited (JAL), the group’s flagship company, has received five bids accompanied by earnest money deposits for its acquisition under the corporate insolvency resolution process.
Despite the company’s liabilities standing at a staggering Rs 57,185 crore, there remains considerable interest from major corporate players….