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ICICI Bank files insolvency plea against Jaiprakash Associates

Updated : September 11, 2018 06:50 AM IST

The Allahabad bench of NCLT has asked ICICI bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17.
The Supreme Court, on August 9, while ordering restart of the corporate insolvency resolution process against Jaypee Infratech, had allowed banks to file a similar petition against Jaiprakash Associates.
ICICI Bank files insolvency plea against Jaiprakash Associates

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