While allowing a bunch of petitions in the Jaypee Infratech matter, the Supreme Court ordered a fresh round of bidding for the company but barred the parent Jaiprakash Associates or its promoters from participating in it. The recently amended bankruptcy code classifies home buyers as financial creditors, and get to decide on a company’s future along with lenders. In […]
The post Homebuyers to be part of Insolvency Process: SC Orders Fresh bids for Jaypee Infra appeared first on Taxscan | Simplifying Tax Laws.
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