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Two fixed deposit (FD) holders have filed insolvency proceedings against Jaiprakash Associates Limited (JAL) in the National Company Law Tribunal (NCLT) in Allahabad.
One of them has a deposit of Rs 56,000 and the other has that of Rs 64,000 for three years.
In response to Business Standard’s query sent to Manoj Gaur, executive chairman, JAL, the company stated that it has received a copy of the application addressed to the tribunal in Allahabad. The company, however, denied receiving any notice from the NCLT.
“Since the application served upon us does not bear any number, we are not aware whether the same
