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Deposit "Substantial Amount" To Prove Bonafide : SC To Jaypee
LIVELAW NEWS NETWORK
6 Nov 2017 8:49 PM IST
Real estate giants Jaypee Associates suffered a setback today when the Supreme Court refused to allow it to deposit to Rs 400 crore with its registry as against Rs 2,000 crore directed by it earlier.The company argued :"no company possessed such a huge amount of liquid fund" but the bench headed by Chief Justice Dipak Misra asked it to submit a "substantial amount" to establish its...
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