Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT
Business | Mar 06, 2020, 04:37 PM ISTThe 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.