The division’s petition is the fourth plea filed by an entity in opposition to the NCLT order handed on March 7.
The plea is anticipated to come back up for listening to earlier than the appellate tribunal subsequent week.
The Income Tax Department has filed an enchantment in opposition to the National Company Law Tribunal approving Suraksha Group’s bid to purchase Jaypee Infratech Ltd (JIL) underneath the insolvency decision course of.
Sources mentioned the I-T Department has filed the petition earlier than the National Company Law Appellate Tribunal (NCLAT) in opposition to the NCLT order relating to sure claims.
The division didn’t make any plea when the case was being heard by the NCLT’s Delhi bench and the most recent transfer is shocking, the sources added.
According to the sources, the plea is anticipated to come back up for listening to earlier than the appellate tribunal subsequent week.
The division’s petition is the fourth plea filed by an entity in opposition to the NCLT order handed on March 7.
Also Read: Still Don’t Know About Exemptions, Deductions Under Old And New Income Tax Regimes? Check Here
Last month, Jaiprakash Associates Ltd and its promoter Manoj Gaur approached NCLAT in opposition to the NCLT order regarding the distribution of Rs 750 crore within the Jaypee Infratech matter.
The quantity was deposited with the Supreme Court registry by Jaiprakash Associates Ltd (JAL), the erstwhile promoter of JIL, which has been going by means of insolvency proceedings since August 2017.
Yamuna Expressway Industrial Development Authority (YEIDA) has additionally moved NCLAT as its claims for extra compensation payable to the farmers and others, have been rejected by the NCLT whereas approving the decision plan of Suraksha Group.
On March 7, the NCLT authorised the Mumbai-based Suraksha Group bid to accumulate JIL and full round 20,000 flats throughout numerous tasks in Noida and Greater Noida, Uttar Pradesh.
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