Smear Campaign against Jaypee Infratech:

Since last 2 days, various media channels engaged in mud- slinging against Jaypee Infratech saying that co HAS BEEN declared Insolvent. There is not grain of truth in such ill-informed lies.

NCLT has only admitted petition of lenders and insolvency professional has been appointed to oversee the insolvency proceedings. Various parties including lenders, promoters, other secured unsecured creditors will be invited for their submissions. If no resolution is found in 90+180 days, only then jaypee infra can be declared insolvent.
Company has huge assets and main beneficiary of upcoming Jewar airport. Jaypee will offer part of land parcels to settle entire debt and it is highly highly unlikely that it will be tagged as insolvent