The I-T Dept is an "aggrieved creditor" to many de-registered shell companies and will petition the NCLT to recover tax dues of crores of rupees.
Jaypee group's JAL said the "board has co-opted Jaiprakash Gaur on the board of the company as an additional director with effect from May 19, 2018."
NCLAT declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process.
Indian market lost ground on back of negative global cues, rising crude and bond yields. Confusion over government formation in the state of Karnataka prevailed throughout the week.
Bank of India would be able to realise around Rs 1993 cr from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel, an official said.