• Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT

    Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT

    Business | March 06, 2020 16:37 IST

    The Rs 750-crore deposited by Jaypee Infratech Ltd's (JIL) parent firm Jaiprakash Associates with the Supreme Court registry was a payment towards obligation of the debt-ridden firm and should be treated as the asset of the corporate debtor, the NCLT has observed while approving the bid of NBCC for JIL.

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