NARCL retains guarantees of Jaypee ex-promoters to boost recovery of dues

NARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairman Manoj Gaur and vice-chairman Sunil Kumar Sharma, and is exploring legal remedies to maximise recoveries from residual assets and obligations tied to Jaypee Group entities, they said.

Raccontata daeconomictimes.indiatimes.com