Supreme Court overturns Jaypee preferential transactions ruling
Credit: shutterstock.com/TK Kurikawa
India’s Supreme Court has clarified local avoidance rules finding that land pledged by an insolvent property developer to a group of banks as security for loans to its parent amounted to a preferential transaction.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now