NOIDA: The senior control of Jaypee group has won forms in quest of their consent for contribution of a part of their October salaries to the corporate as a loan. The word issued on Thursday states the corporate will pay off the amount to them in nine equivalent installments starting January 2018. An organization spokesperson stated no such form have been issued to junior or middle-rung staff.
The initiative is thought to be a part of the corporate's drive to assemble funds.
Group company Jaypee Infratech is going through insolvency court cases and its guardian company, Jaiprakash Associates Ltd, has been ordered through the Supreme Court to deposit Rs 2,000 crore in its registry. The apex court docket route came on a plea through homebuyers in Jaypee projects who are nonetheless looking forward to their apartments.
Commenting on the form in quest of loan from staff, a company spokesperson advised TOI, "This is an internal matter of the company and only concerns the top management. Salary for junior and mid-level employees for October has been distributed."
Insolvency court cases have been initiated towards Jaypee Infratech on a plea through IDBI bank within the National Company Law Tribunal. An insolvency solution skilled was once additionally appointed. But the court cases came to a halt when a homebuyer, Chitra Sharma, moved the Supreme Court, in quest of clarity on her rights in such court cases and pleading that the pastime of patrons be protected.
Other patrons joined that plea. The hearing is on within the apex court docket.
The initiative is thought to be a part of the corporate's drive to assemble funds.
Group company Jaypee Infratech is going through insolvency court cases and its guardian company, Jaiprakash Associates Ltd, has been ordered through the Supreme Court to deposit Rs 2,000 crore in its registry. The apex court docket route came on a plea through homebuyers in Jaypee projects who are nonetheless looking forward to their apartments.
Commenting on the form in quest of loan from staff, a company spokesperson advised TOI, "This is an internal matter of the company and only concerns the top management. Salary for junior and mid-level employees for October has been distributed."
Insolvency court cases have been initiated towards Jaypee Infratech on a plea through IDBI bank within the National Company Law Tribunal. An insolvency solution skilled was once additionally appointed. But the court cases came to a halt when a homebuyer, Chitra Sharma, moved the Supreme Court, in quest of clarity on her rights in such court cases and pleading that the pastime of patrons be protected.
Other patrons joined that plea. The hearing is on within the apex court docket.
Jaypee seeks ‘loan’ from senior execs
![Jaypee seeks ‘loan’ from senior execs]()
Reviewed by Kailash
on
November 18, 2017
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