Income Tax Department challenges NCLT order approving Suraksha Group' bid for Jaypee Infratech
The Income Tax Department has filed an appeal against the National Company Law Tribunal approving Suraksha Group's bid to buy Jaypee Infratech Ltd (JIL) under the insolvency resolution process.
On March 7, the NCLT approved the Mumbai-based Suraksha Group bid to acquire JIL and complete around 20,000 flats across various projects in Noida and Greater Noida, Uttar Pradesh. Representational Image: Official website of Jaypee