NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers

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The NCLAT has directed the NCLT to expedite its decision regarding the stay on inviting Expression of Interest for Jaiprakash Associates’ investments. This involves Jaiprakash Power Venture and Jaypee Fertilisers & Industry. The appellate tribunal urged the NCLT to consider the CoC and RP’s replies, emphasizing the time-bound nature of the CIRP process.

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NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers

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