Clock starts on Jaypee Group insolvency: Supreme Court hands over to NCLT; 180-day limitation begins today

In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process.

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