NCLAT Sets Aside NCLT Order Directing Return of Land to Jaypee Infratech - 02.08.2019

National Company Law Appellate Tribunal (NCLAT) has quashed a National Company Law Tribunal’s (NCLT) Allahabad Bench’s May 18, 2018 order which had directed Jaiprakash Associates (JAL) to return a land bank of 858 acres to Jaypee Infratech (JIL). The land pool, which belonged to JIL, was pledged by JAL with various banks as collateral for the loans it took.

Tags : NCLAT Jaypee Infratech

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