{"id":340333,"date":"2020-03-04T11:32:04","date_gmt":"2020-03-04T06:02:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340333"},"modified":"2020-03-04T11:32:04","modified_gmt":"2020-03-04T06:02:04","slug":"nclt-approves-nbccs-resolution-plan-for-jaypee-infratech-with-some-tweaks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-approves-nbccs-resolution-plan-for-jaypee-infratech-with-some-tweaks\/","title":{"rendered":"NCLT approves NBCC&#8217;s resolution plan for Jaypee Infratech with some tweaks"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan of National Buildings Construction Company (NBCC) for Jaypee Infratech with some tweaks.<\/p>\n<p>The NCLT Bench, headed by acting president B S V Prakash Kumar, also said the bank guarantee of Rs 750 crore, submitted by Jaiprakash Associates in the Supreme Court, will be treated as part of the plan. It will be used for completion of the housing projects.<\/p>\n<p>The Delhi Bench of the NCLT said NBCC\u2019s plan has not been accepted in entirety. \u201cWe will accept it with modifications,\u201d the Bench said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan of National Buildings Construction Company (NBCC) for Jaypee Infratech with some tweaks. The NCLT Bench, headed by acting president B S V Prakash Kumar, also said the bank guarantee of Rs 750 crore, submitted by Jaiprakash Associates in the Supreme Court, will be treated as part of the plan. It will be used for completion of the housing projects. The Delhi Bench of the NCLT said NBCC\u2019s plan has not been accepted in entirety. \u201cWe will accept it with modifications,\u201d the Bench said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-340333","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340333"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340333\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}