The preliminary challenge in investing in companies already under insolvency proceedings is - reversal of the order by appellate authority viz. NCLAT or the Supreme Court, explains Ashish Parwani, Partner, Rajani Associates.
Tag: Jaypee Infratech
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Jaypee InfraÂ’s Q3 net loss goes up to Rs 41.39 crore
Jaypee Infratech has said that its net loss has gone up to Rs 41.39 crore for the third quarter ended December 2016. The company had reported a net loss of Rs 25.33 crore for the corresponding quarter of the 2015-16 fiscal, it said in a BSE filing.
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Jaypee Infra defaults on loans
Jaypee Infratech announced it had defaulted, for the first time, on interest payments to Indian banks of Rs.193 crore and of Rs.300 crore to Life Insurance Corporation of India in repayment of principal.
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Another expressway in UP
Another expressway between Agra and Lucknow has been planned by the Uttar Pradesh Government, which implemented the Yamuna Expressway between Greater Noida and Agra.