The Rs 750-crore deposited by Jaypee Infratech Ltd's (JIL) parent firm Jaiprakash Associates with the Supreme Court registry was a payment towards obligation of the debt-ridden firm and should be treated as the asset of the corporate debtor, the NCLT has observed while approving the bid of NBCC for JIL.
On Thursday, Jaiprakash Associates had moved an application before the top court seeking extension of time to deposit the remaining Rs 125 crore within a month.
Jaiprakash Associates Ltd said it has an offer worth Rs 2,500 crore for hiving off the Yamuna Expressway.
Mumbai: Shares of Jaiprakash Associates (JAL) surged over 6 per cent today as Aditya Birla Group firm Ultratech will acquire two plants from JAL in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.At
New Delhi, July 29: Jaiprakash Associates on Monday reported an over two-fold rise in standalone net profit at Rs 334 crore for the first quarter ended June 30, 2013, on the back of higher income
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