https://www.taxtmi.com/caselaws?id=290689 The Court granted the application to vacate/modify the order dated 04.09.2017. The Interim Resolution Professional (IRP) was directed to manage Jaypee Infratech Ltd. (JIL) and formulate an Interim Resolution Plan within 45 days to protect home buyers' interests. Restrictions were imposed on JIL's Managing Director and Directors, and Jai Prakash Associates Ltd. (JAL) was required to deposit a specified sum. Suits against JIL were stayed to safeguard stakeholders' rights. The judgment aimed to ensure a fair resolution process, prioritizing the interests of creditors, consumers, and home buyers. en-us Mon, 11 Sep 2017 00:00:00 +0530 Sat, 10 Oct 2020 10:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290689 The Court granted the application to vacate/modify the order dated 04.09.2017. The Interim Resolution Professional (IRP) was directed to manage Jaypee Infratech Ltd. (JIL) and formulate an Interim Resolution Plan within 45 days to protect home buyers' interests. Restrictions were imposed on JIL's Managing Director and Directors, and Jai Prakash Associates Ltd. (JAL) was required to deposit a specified sum. Suits against JIL were stayed to safeguard stakeholders' rights. The judgment aimed to ensure a fair resolution process, prioritizing the interests of creditors, consumers, and home buyers. Case-Laws Insolvency and Bankruptcy Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290689