A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply by Thursday.
Additional Solicitor General Madhavi Divan, appearing for the Centre, said the government has held three meetings with various stakeholders and a decision has been taken that it was willing to give tax concession running into hundreds of crores to Jaypee group and enhanced compensation to farmers only if the NBCC is allowed to complete the stalled projects.
Senior advocate F S Nariman and Anupam Lal Das, appearing for the Jaypee group, said they have no objection if the NBCC is allowed to give a revised proposal but the group should also be allowed to give a proposal as it is wiling to pay all dues to lenders and finish all stalled projects within three years.
Nariman said this option should also be considered as and when the court will look into NBCC’s proposals.
The bench said it will first look what NBCC has to offer and only then it may look into Jaypee group’s fresh proposal.
The bench posted the matter for further hearing on Thursday and extended the status quo order till then.
On August 22, the Supreme Court had ordered status quo for a week on the insolvency proceeding after Jaypee Group challenged the July 30 order of the National Company Law Appellate Tribunal (NCLAT), which allowed the fresh bidding for the cash-strapped Jaypee Infratech.
On July 30, the NCLAT had allowed fresh bidding for the cash-strapped Jaypee Infratech but barred its promoter Jaypee Group from participating in the auction.
Pingback: Buy Vyvanse Online
Pingback: industrial concrete floor coatings
Pingback: How To Use Wealthy Affiliate 2020
Pingback: cash-bitcoin.com
Pingback: Dylan Sellers
Pingback: digital marketing agency Hong Kong
Pingback: click here
Pingback: free robot sex doll
Pingback: credit card dumps with pin
Pingback: replica rolex
Pingback: energy drinks suppliers
Pingback: Research
Pingback: site to buy cvv
Pingback: cpns 2021 kapan dibuka
Pingback: plumber Evergreen NC
Pingback: CICD
Pingback: sexual stimulation gel for women
Pingback: replica watches
Pingback: fake designer websites
Pingback: micro frontends
Pingback: 배트맨토토
Pingback: 메이저사이트
Pingback: Fortune Games® Real Money Casino Slot Games Slots
Pingback: 웹툰사이트
Pingback: Phygital Shopping
Pingback: huawai nova7
Pingback: 강남셔츠룸
Pingback: mossberg 590a1
Pingback: nova88
Pingback: ดูหนังใหม่
Pingback: sbobet
Pingback: 토토셔틀
Pingback: top article
Pingback: download facebook video from private group
Pingback: Visit Your URL