State Bank of India has filed an insolvency plea against Jaiprakash Associates, the construction company of Jaypee Group, for defaulting on a large payment.
Against this backdrop of the group insolvency process, moneycontrol.com has authored an article titled “SBI’s insolvency plea against Jaiprakash Associates may lead to tough times for homebuyers,” in which Economic Laws Practice (ELP)’s Senior Counsel Mukesh Chand’s views have been sought.
