Jaypee Infra insolvency: NCLAT permits fresh bids

The National Company Law Appellate Tribunal paved the way for the third round of bidding for beleaguered Jaypee Infratech, providing relief to close to 25,000 homeowners awaiting possession of their apartments and villas for as long as a decade. But, unlike the past, it allowed the resolution process, which will complete two years on August 9, to be finished in 90 days.

from RSSMix.com Mix ID 8289560 https://ift.tt/2ylrvf8