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The SC's directives came after Jaypee Associates Ltd failed

Jaypee insolvency row: SC raps JAL for failure to deposit Rs 2,000 cr, seeks asset details of company directors

Real Estate | Nov 13, 2017, 04:25 PM IST

The top court also set up an amicus curiae in the ongoing case and asked directors of JAL to personally appear before it on Nov 22.

Creditors will lay down preconditions before a resolution

No free run for promoters in insolvency cases, says SBI chief Rajnish Kumar

Business | Nov 07, 2017, 11:07 AM IST

Wilful defaulters or people who have diverted funds, as proved in the forensic audit, will not be allowed to participate in bidding for stressed companies, the SBI chairman said.

Home buyers are set to get the status of secured creditors,

In huge reprieve, Centre set to grant ‘primary secured creditors’ status to home buyers

Real Estate | Nov 02, 2017, 12:21 PM IST

Last on the list of claimants under existing norms, home buyers have little hope of recovering their hard-earned money from errant builders.