SC asks Centre to intervene in Jaypee Infra resolution case
  • WebDesk BTVI
  • Jul 09 2019

The Supreme Court, on Jaypee Infratech resolution case, has asked the Centre to intervene in the matter. This direction comes as the top court observed that since the case has already exceeded the period of 180+90 days period, as per IBC provision, it is a fit case for liquidation. The Supreme Court said the Union government should step in and come up with a solution as the IBC is inadequate to protect the interests of homebuyers.