Top Court Orders Status Quo On Jaypee Group Plea Against Tribunal Order

INSUBCONTINENT EXCLUSIVE:
(NCLAT) order which allowed fresh bidding for debt-laden Jaypee Infratech.A bench of justices AM Khanwilkar and Dinesh Maheshwari ordered
status quo after the apex court was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code."We
have not seen the amendment, let it come and we will see," the bench said.On July 30, the NCLAT had allowed fresh bidding for the
cash-strapped Jaypee Infratech but barred its promoter Jaypee Group from participating in the auction.Get Breaking news, live coverage, and
Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.