The NCLAT has directed the NCLT to expedite its decision regarding the stay on inviting Expression of Interest for Jaiprakash Associates’ investments in Jaiprakash Power Venture and Jaypee Fertilisers & Industry. This directive follows appeals by NARCL and the Resolution Professional against the NCLT’s initial stay order. The appellate tribunal emphasized the time-bound nature of the CIRP process.
NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers
