The Supreme Court agreed on Thursday to hear tomorrow a plea of Jaypee Group against the NCLAT order which allowed fresh bidding for the debt-laden Jaypee Infratech. The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal (NCLAT).
A bench of Justices A M Khanwilkar and Dinesh Maheshwari said that it will hear the appeal of Jaypee Group on August 2, after senior advocate Fali S Nariman told the court that a bench headed by Chief Justice Ranjan Gogoi has agreed to list the petition tomorrow.
Mr Nariman said that since a meeting of committee of creditors is scheduled to be held on August 5, this appeal is required to be heard urgently.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
