Applications have been invited from corporate entities for submission of a resolution plan for debtridden Jaypee Infratech to move ahead with the process under the insolvency law. The NCLT-appointed insolvency resolution professional (IRP) Anuj Jain has invited expressions of interest (EoI) from corporates having a minimum net worth of Rs 1,000 crore as well as investment companies and fund houses with minimum assets under management of at least Rs 1,000 crore. The last date for submitting EoI is November 7.
Listing out the eligibility criteria, the IRP said the parties interested will have to satisfy the mandatory requirements of the resolution plan provided in the under the Insolvency and Bankruptcy Code and its regulations. They shoul…
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