The suspended board of debt-riddenJaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order.
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On June 3, the Allahabad bench of National Company Law Tribunal…
Read the full article at: https://m.economictimes.com/news/company/corporate-trends/suspended-board-of-jaiprakash-associates-moves-nclat-challenges-insolvency-proceedings/articleshow/110867279.cms