SC asks NCLT to deal with insolvency proceedings against Jaypee group

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The Supreme Court on Thursday asked the Allahabad branch of the National Company Law Tribunal (NCLT) to initiate fresh insolvency proceedings against Jaypee Infratech Limited (JIL) and reconvene the committee of creditors (CoC) to include a representative of homebuyers, who said they had been let down by the ruling that will mean longer delays in receiving compensation for the flats they haven’t received for a decade.
Read more at Hindustan Times.

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