Jaypee Insolvency: Supreme Court modifies earlier order, IRP to submit interim report

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A rather lengthy hearing in the Jaypeee Infratech case in Supreme Court today brought to fore the possible ambiguity in implementation of the new Insolvency and Bankruptcy Code.

A Bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud heard a battery of senior counsel before modifying its earlier order of stay.

The Supreme Court had, on September 4, 2017 stayed the order of the Allahabad Bench of the . . .

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