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SC orders status quo for two weeks on Jaypee Group plea against NCLAT order
PTI, Aug 2, 2019, 1:28 PM IST
New Delhi: The Supreme Court on Friday ordered status quo for two weeks on Jaypee Group’s plea against NCLAT order which allowed fresh bidding for debt-laden Jaypee Infratech.
A bench of justices A M Khanwilkar and Dinesh Maheshwari ordered status quo after the apex court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.
“We have not seen the amendment, let it come and we will see,” the bench said.
On July 30, the NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group from participating in the auction
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PM undertook 21 trips abroad since 2019, over Rs 22.76 cr spent on these visits: Govt
AAP’s foray into politics successful as students from poor families getting best education: Kejriwal
Air India resumes direct flight services between Milan and New Delhi
Pregnant woman, husband die as car catches fire in Kerala
Kerala Assembly witnesses war of words over alleged “political patronage” to the drug mafia