NCLAT Ends CIRP for Jaypee Healthcare, Appeals Disposed

Jaypee Infratech Ltd. Vs Jaypee Healthcare Ltd. & Ors. (NCLAT Delhi) In a decision addressing the corporate insolvency of Jaypee Healthcare Ltd., the National Company Law Appellate Tribunal (NCLAT) Delhi disposed of appeals filed by Jaypee Infratech Ltd. challenging the initiation of the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Allahabad Bench, on June 14, 2024. The NCLAT’s review, following a September 9, 2024, proposal approved by the Committee of Creditors (CoC), included an affidavit from the Resolution Professional (RP) confirmi...