NBCC gets 97% votes to acquire Jaypee Infra
In a major breakthrough in the resolution process ...
The resolution process has witnessed several obstructions including several attempts by its former promoters to get the insolvency process withdrawn and keep the company with themselves. The NBCC’s resolution plan, after the voting process, would have to go through the National Company Law Tribunal’s (NCLT) screening and obtain its approval. The construction is expected to start in April 2020.
Speaking to IANS, Aditya Gutgutia, a home buyer with JIL, said: “We have had a long legal fight. We just hope that we don’t get any legal tangle, anymore.”
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EDITOR'S DESK, Nov 2024
On November 6, the U.S. witnessed an extraordinary political turnaround as Donald J. Trump made a triumphant return, overcoming legal hurdles, a volatile political climate, and even assassination attempts. His victory in the 2024 presidential election is not only seen as a personal vindication but also as a momentous event for the global Indian diaspora, who have often viewed Trump as a reliable ally of India.
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