Jaypee Infra faces liquidation as resolution eludes realty company – Economic Times
NEW DELHI | MUMBAI: The threat of liquidation hangs over Jaypee Infratech after the Interim Resolution Professional (IRP) told the Supreme Court on Friday that the bankruptcy resolution process at the debt-laden realtor had failed to stitch together a revival plan before the clock ran out. According to the Insolvency and Bankruptcy Code, 2016, a…