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Relief for home buyers in sight as NCLAT allows fresh bidding for Jaypee Infra

| Jul 31, 2019, 10:49:45 AM | TNN
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The National Company Law Appellate Tribunal allowed the third round of bidding for Jaypee Infratech, a move that will provide relief to close to 25,000 homeowners. The resolution process will have to be completed in 90 days and Jaypee Associates have been barred from participating in the process. The NCLAT's direction came in view of lenders rejecting the resolution plan of state-owned NBCC and Suraksha Realty in the second round of bidding.

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