Background
On February 26, 2020, the Hon’ble Supreme Court delivered its judgment in the Jaypee matter, bringing to a close the long drawn litigation between two sets of competing creditor claims i.e. those advanced by certain creditors of Jaypee Infratech Limited (JIL) and those of its holding company, Jaiprakash Associates Limited (JAL).
In its ruling, the Supreme Court addressed two key issues:
Continue Reading The `Jaypee Judgement’ – Assessing it’s impact on the Indian financing landscape