Jaypee Infra insolvency: NCLAT permits fresh bids, extends resolution period for 90 days

The National Company Law Appellate Tribunal on Tuesday
However it also said that as the matter is pending since long, it was "not inclined to exclude the total period of 260 days and instead in the interest of the Allottees, we exclude 90 days for the purpose of counting the period of 270 days of Corporate Insolvency Resolution Process', which should be counted from the date of receipt of the copy of this order."
The appellate tribunal further added: "Rest of the period of 45 days margin is given to remove any difficulty and appropriate order as may be passed by the Adjudicating Authority (NCLT)."