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Has Karma returned to bite Banks?

Has Karma returned to bite Banks?

Fri, May 18, 2018

The insolvency court NCLT has ruled that JP associates fraudulently mortgaged land owned by its subsidiary JP Infra to raise loans at a time when the latter had already started to default on its own loan payments. NCLT has ordered JP Associates to return control of 759 acres of land to Jaypee Infra immediately.

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