PTI |
Jun 03, 2024 09:39 PM IST
The Allahabad bench of the tribunal has also dismissed the merger of Jaiprakash Associates Ltd with Jaypee Infrastructure Development Ltd
New Delhi, June 3 (PTI) The National Company Law Tribunal (NCLT) on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank.
![The National Company Law Tribunal (NCLT) on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank (Picture for representational purposes only)(Pixabay) The National Company Law Tribunal (NCLT) on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates Ltd, admitting the plea filed by private lender ICICI Bank (Picture for representational purposes only)(Pixabay)](https://www.hindustantimes.com/ht-img/img/2024/06/03/550x309/insolvency-real-estate_1717430428559_1717430428797.png)
Jaiprakash Associates Ltd (JAL), which is the flagship…
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