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Relief for Jaypee Associates, NCLAT directs Jaypee Infra’s pledged assets to remain with lenders

Updated : May 25, 2018 06:33 AM IST

Jaypee Associates is the parent company of Jaypee Infratech and enjoys a 100% stake in the latter.
The three lenders – Axis Bank, ICICI Bank, Standard Chartered – argued that such transactions were par for course.
Relief for Jaypee Associates, NCLAT directs Jaypee Infra’s pledged assets to remain with lenders

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