SC stays insolvency proceedings against Jaypee Infratech before NCLT

Ramadurai Chandrasekaran , Last updated: 09 September 2017 Share Follow on Google News

Facts of the Case: IDBI Bank had moved National Company Law Tribunal (NCLT) for insolvency proceedings against Jaypee Infratech for default of a loan of about Rs 526 crore.IDBI Bank is a Financial Creditor through the loans amounting to Rs 526 crores issued to the corporate debtor (Jaypee Infrate

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About the Author

Ramadurai Chandrasekaran

CA Job

I am Ramadurai Chandrasekaran,a Chartered Accountant with additional qualifications as a Cost Accountant. After being in the industry for more than 27 years, and more recently with Tata Power in their overseas assignment as CFO, i had to return to India for personal reasons. I have set up my practice as a Chartered ... Read more

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