SC stays NCLT Allahabad order initiating insolvency proceedings against Jaypee InfratechSeptember 4 2017
The Supreme Court today stayed the order of the Allahabad Bench of the National Company Law Tribunal (NCLT) directing initiation of insolvency proceedings against Jaypee Infratech.
In a petition by flat buyers, a Bench of Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud, apart from staying the August 9 order of the NCLT, also issued notice to the Reserve Bank of India, Ministry of Finance, Ministry of Corporate Affairs and Jaypee Infratech, among others.
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports