Chartered Accountants for carry out insolvency proceedings and the August 9 order had also prohibited the institution of suits or continuation of pending suit or proceedings against the Jaypee Infratech.Y.M.New Delhi, Sep 5 (IANS) The Supreme Court will hear on September 11, state-run IDBIs plea seeking restoration of insolvency proceedings against Jaypee Infratech that was put on hold a day ago by the top court on the plea of flat buyers who fall in the category of unsecured creditors.Seeking an urgent hearing, IDBI counsel Abhishek Manu Singhvi told the court that the stay of the National Company Law Tribunal (NCLT) order has benefited the defaulting company more than the flat buyers. These are home buyers who are unsecured creditors. IANSpk/vdPost Source: Ians feed.However, IDBIs plea was opposed by the flat buyers who contended that the September 4 order turbomachinery bearing has benefited Jaypee Infratech and its reversal would only benefit the bank. Khanwilkar and Justice D.
As the experiment ongoingTilting Pad Journal Bearings Manufacturers
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