Motilal Oswal
    NIFTY 50
Motilal Oswal
May 17, 2018 06:38 AM IST | Business

Supreme Court halts Jaypee Infratech's liquidation

The court also directed the Jaiprakash Associates Ltd (JAL) to deposit an additional Rs 1,000 crore with the court registry
The legal counsel for the resolution professional, Parag Tripathi, also submitted before the court that promoter Manoj Gaur’s offer of close to Rs 10,000 crore for JIL was rejected by lenders.
The liquidation value of JIL is said to be in the range of Rs 12,000-14,000 crore.
Published Date: May 16th, 2018 04:52 PM | Updated Date: May 17, 2018 06:38 AM IST
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV