SC Asks NCLT to Deal with Insolvency Proceedings Against Jaypee Group

The top court also allowed the Reserve Bank of India (RBI) to direct the banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited (JAL).The bench said home buyers should be included in the committee of creditors in accordance with the amendments made in the Insolvency and Bankruptcy Code (IBC).

from Top Business News- News18.com https://ift.tt/2vxNFcS