The case involves a Writ Petition (Civil) No. 744/2017 before the Supreme Court of India, filed by Chitra Sharma & Ors. against Union of India & Ors. The case is related to the insolvency resolution of Jaypee Infratech Ltd. (JIL). Several intervention applications and applications for clarification/direction are also associated with the main writ petition. The court is addressing issues related to the protection of home-buyers' interests and the resolution of the corporate insolvency.
Chitra Sharma & Ors. filed a Writ Petition (Civil) No. 744/2017 against Union of India & Ors. concerning the insolvency resolution of Jaypee Infratech Ltd. (JIL), a subsidiary of Jai Prakash Associates Ltd. (JAL). Several intervention applications and applications for clarification/direction are associated with the main petition. The court is dealing with the issue of protecting the interests of home-buyers who have invested in JIL's projects. Jai Prakash Associates Ltd. (JAL) was directed to deposit a further sum of Rs.1,000 crores by 15.6.2018. The court also addressed the disbursal of Rs.750 crores already in deposit to the home-buyers on a pro-rata basis. An independent Director of JAL, Mr. Sundaram Balasubramanian, was granted permission to travel to the
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Writ Petition (Civil)…
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The case involves a Writ Petition (Civil) No. 744/2017 before the Supreme Court of India, filed by Chitra Sharma & Ors. against Union of India & Ors. The case is related to the insolvency resolution of Jaypee Infratech Ltd. (JIL). Several intervention applications and applications for clarification/direction are also associated with the main writ petition. The court is addressing issues related to the protection of home-buyers' interests and the resolution of the corporate insolvency.
Chitra Sharma & Ors. filed a Writ Petition (Civil) No. 744/2017 against Union of India & Ors. concerning the insolvency resolution of Jaypee Infratech Ltd. (JIL), a subsidiary of Jai Prakash Associates Ltd. (JAL). Several intervention applications and applications for clarification/direction are associated with the main petition. The court is dealing with the issue of protecting the interests of home-buyers who have invested in JIL's projects. Jai Prakash Associates Ltd. (JAL) was directed to deposit a further sum of Rs.1,000 crores by 15.6.2018. The court also addressed the disbursal of Rs.750 crores already in deposit to the home-buyers on a pro-rata basis. An independent Director of JAL, Mr. Sundaram Balasubramanian, was granted permission to travel to the
…Writ Petition (Civil)…
The matter was…
Sign in to view related legal provisions.