Liquidation of Jaypee group firm would serve no purpose: SC

‘Liquidation of Jaypee would serve no purpose’

Liquidation of real estate firm Jaypee Infratech Ltd (JIL) would not “serve” the purpose of either homebuyers, financial institutions or the promoters, the Supreme Court said on Thursday. The apex court also reserved its order on the “interim relief” prayed by various stakeholders.PTI

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