IDBI 은행은 JAYPEE의 불리한 조치에 반대하여 대법원을 상대로 소송 IDBI BANK MOVES SUPREME COURT AGAINST STAY ON JAYPEE INSOLVENCY PROCEEDINGS
[REAL ESTATE NEWS] Good morning, everyone. I’m Youngjae Ko representative of Kamaindia Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as under mentioned.
IDBI BANK MOVES SUPREME COURT AGAINST STAY ON JAYPEE INSOLVENCY PROCEEDINGS
NEW DELHI: IDBI Bank, seeking to recover dues from Jaypee Infratech Ltd, urged the Supreme Court on Tuesday to lift the stay order on insolvency proceedings against the real estate developer, saying the move would not benefit home buyers.
The lender said the stay, which was sought by buyers yet to get possession of their apartments, takes the company out of the control of the insolvency professional and restores it to the management.