Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price

The shareholders have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are adequately compensated

A group of minority shareholders of Jaypee Infratech has moved the National Company Law Appellate Tribunal (NCLAT) seeking fair compensation in the delisting process of the debt-ridden firm.

The minority shareholders have asked for exit price at fair market value and have urged the appellate tribunal to either set aside or modify the order passed by the National Company Law Tribunal (NCLT) approving the resolution plan by state-owned NBCC on March 3, 2020.

The shareholders have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are