Business Standard

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

Jaypee infratech
Premium

According to them, Jaypee Infratech has adequate assets to take care of the liabilities and interests of all stakeholders, but the interest of the minority shareholders was neglected

Press Trust of India
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 28 2020 | 10:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com