JAL is pleading that it should be allowed to revive JIL as its liquidation will neither be in the interest of creditors, nor in the interest of home buyers.
The Companies Act provides immunity to independent directors only in exceptional cases; the recent SC decision on Jaypee is a wake-up call
The scrip opened at Rs 26.70 and had hit a high and low of Rs 30.40 and Rs 26.70 till now
Founders of real-estate-to-road building conglomerate Jaypee Group could eventually lose control of their flagship company