The ministry of corporate affairs (MCA) has said, “…considering the recommendation of Insolvency Law Committee (ILC) and larger public interest.. an outcome-based approach, which would facilitate resolution of Jaypee Infratech Limited (JIL) over liquidation, may be adopted.” It added that homebuyers should be treated as a sub-class within the ambit of the financial creditor.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2LR7whR
