Jaiprakash Associates moves SC seeking approval of its resolution plan for Jaypee
Realty firm Jaiprakash Associates Limited (JAL), which is also facing bankruptcy proceedings in a company law tribunal, today moved the Supreme Courtseeking approval of its resolution plan for revival. The top court which is hearing petitions of hassled home buyers had asked the real estate firm to deposit money for repaying those who have opted for refund instead of possession of flats. The firm, which recently deposited Rs 100 crore with the apex court Registry, has filed fresh plea relating to its revival plan.
Tags : News/Views