Insolvency proceedings ordered against JAL, flagship firm of Jaiprakash Group | India News – Times of India
NEW DELHI: National Company Law Tribunal on Monday ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL), six years after lenders led by ICICI Bank first sought action.The move will impact the company’s real estate business in Noida and Greater Noida, although the scale of operation in this company is much smaller than…