The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted the petition of debt- ridden Jaiprakash Associates challenging NCLT order, which had directed the realty firm to return almost 760-acre land to its arm Jaypee Infratech.
It had directed to list Jaiprakash Associates’ appeal on July 13 for next hearing, when the petition of lenders — Axis Bank, Standard Chartered Bank and ICICI Bank — which had already challenged the order of National Company Law Tribunal (NCLT) — will be heard.
NCLAT had stayed the order of Allahabad bench of NCLT on May 24 on lender’s plea.
Published - May 31, 2018 10:23 pm IST
