New Delhi: The Insolvency & Bankruptcy Board of India has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interest of all stakeholders.
This move is aimed at protecting the interests of home buyers of real estate players such as Jaypee Infratech and some of the entities of Amrapali Group.
The revised rules were notified by the regulator for insolvency and bankruptcy proceedings last week and will ensure that banks and The
SC has rejected Jaiprakash Associates’ bid to get the October 27 deadline to deposit Rs 2,000 crore in the Jaypee case deferred. “Your ambition to wriggle out of the liabilities towards home buyers is mistaken. Give the money back to investors, we will hear you”. other creditors do not get away by protecting their own interests at the expense of others who are impacted by the action.
A42-year-old man, returning home early from work for his daughter’s birthday, died after his scooter hit a pothole on the Madhuban Chowk-Burari elevated road on Monday. His brother suffered fractures.
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