
26 May 2019
NCLT refused to stay voting by Committee of Creditors of JaypeeInfratech
NCLT has cleared the way for voting by Committee of Creditors of JaypeeInfratech in which the lenders will vote on the revised offer of NBCC India Limited to acquire the realty firm through insolvency proceedings. However, the final decision of the lenders will be subject to the outcome of an appeal filed by ICICI Bank and other lenders.