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In a fresh turn of events in the Jaypee Infratech resolution process, the National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the committee of creditors (CoC) to file an affidavit by Friday with conditions framed for fresh bids.
The two-judge Bench, headed by NCLAT Chairman Justice S.J. Mukhopadhaya, also laid down the grounds for the terms and conditions saying there should not be any change in the apartment and amenities promised to allottees by the original developer.
The matter will next be heard on Monday. The Bench also said the land attached to the building and common amenities would remain with allottees.
During the hearing, Justice Mukhopadhaya said the appellate tribunal was working with the aim to deliver "justice to homebuyers".
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/Xiaomi?src=hash&amp;ref_src=twsrc%5Etfw">#Xiaomi</a> ने भारत में लॉन्च किए अपने दो नए स्मार्टफोन <a href="https://twitter.com/hashtag/RedmiK20?src=hash&amp;ref_src=twsrc%5Etfw">#RedmiK20</a> और <a href="https://twitter.com/hashtag/RedmiK20Pro?src=hash&amp;ref_src=twsrc%5Etfw">#RedmiK20Pro</a>, जानें कीमत, फीचर्स और उपलब्धता।<a href="https://twitter.com/manast10?ref_src=twsrc%5Etfw">@manast10</a> <a href="https://twitter.com/XiaomiIndia?ref_src=twsrc%5Etfw">@XiaomiIndia</a> <a href="https://twitter.com/RedmiIndia?ref_src=twsrc%5Etfw">@RedmiIndia</a> <a href="https://twitter.com/manukumarjain?ref_src=twsrc%5Etfw">@manukumarjain</a> <a href="https://t.co/pCopxL0Gg2">pic.twitter.com/pCopxL0Gg2</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1151494463446847489?ref_src=twsrc%5Etfw">July 17, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>On Adani Group`s request for consideration of their bid, the Bench said it would have to file a fresh bid, keeping in mind the new conditions.

In a fresh turn of events in the Jaypee Infratech resolution process, the National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the committee of creditors (CoC) to file an affidavit by Friday with conditions framed for fresh bids.The two-judge Bench, headed by NCLAT Chairman Justice S.J. Mukhopadhaya, also laid down the grounds for the terms and conditions saying there should not be any change in the apartment and amenities promised to allottees by the original developer.The matter will next be heard on Monday. The Bench also said the land attached to the building and common amenities would remain with allottees.During the hearing, Justice Mukhopadhaya said the appellate tribunal was working with the aim to deliver "justice to homebuyers".#Xiaomi ने भारत में लॉन्च किए अपने दो नए स्मार्टफोन #RedmiK20 और #RedmiK20Pro, जानें कीमत, फीचर्स और उपलब्धता।@manast10 @XiaomiIndia @RedmiIndia @manukumarjain pic.twitter.com/pCopxL0Gg2— Zee Business (@ZeeBusiness) July 17, 2019On Adani Group`s request for consideration of their bid, the Bench said it would have to file a fresh bid, keeping in mind the new conditions.

The two-judge Bench, headed by NCLAT Chairman Justice S.J. Mukhopadhaya, also laid down the grounds for the terms and conditions saying there should not be any change in the apartment and amenities promised to allottees by the original developer.

Jaypee Infra case: NCLAT asks CoC to frame norms for new bids

news-jaypee-infra-case-nclat-asks-coc-to-frame-norms-for-new-bids-105938

In a fresh turn of events in the Jaypee Infratech resolution process, the National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the committee of creditors (CoC) to file an affidavit by Friday with conditions framed for fresh bids. The two-judge Bench, headed by NCLAT Chairman Justice S.J. Mukhopadhaya, also laid down the grounds for the terms and conditions saying there should not be any change in the apartment and amenities promised to allottees by the original developer. The matter will next be heard on Monday. The Bench also said the land attached to the building and common amenities would remain with allottees. During the hearing, Justice Mukhopadhaya said the appellate tribunal was working with the aim to deliver justice to homebuyers. #Xiaomi ने भारत में लॉन्च किए अपने दो नए स्मार्टफोन #RedmiK20 और #RedmiK20Pro, जानें कीमत, फीचर्स और उपलब्धता।@manast10 @XiaomiIndia @RedmiIndia @manukumarjain pic.twitter.com/pCopxL0Gg2 — Zee Business (@ZeeBusiness) July 17, 2019 On Adani Group`s request for consideration of their bid, the Bench said it would have to file a fresh bid, keeping in mind the new conditions.