"Such are the differences that, if the banks are 'north pole', home buyers are 'south pole'. The only possible way forward for Jaypee seems to be liquidation," said an NBCC official. If we were aggressive, our lawyer would have been there at the NCLAT now," the official added. Another bureaucrat, Shiv Das Meena, assumed the office of Chairman-cum-Managing Director, NBCC (India), with effect from April 5, 2019. The CoC is likely to issue fresh expressions of interest (EoI) for JIL after the National Company Law Appellate Tribunal's (NCLAT) hearing on the IDBI Bank's plea over NBCC bid on July 2.

Source: Mint June 30, 2019 11:26 UTC