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Jaypee homebuyers News

15 Jun 2018

Jaiprakash Associates to submit plan to protect home buyers' interest in SC

On May 16, the apex court had said that the liquidation proceedings against JAL's debt-ridden subsidiary Jaypee Infratech Ltd (JIL) shall remain stayed on submission of this amount.

09 May 2018

Jaypee group deposits Rs 100 crore with Supreme Court's Registry

Home buyers of debt-ridden Jaypee Infratech, the real estate arm of JAL, had moved the apex court seeking relief in view of significant delays in completion of housing projects.

08 May 2018

Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infra

The offer, which includes paying part of Rs 9,800 crore debt, giving lenders an equity stake in the company and completing unfinished housing projects, is over 25 per cent higher than the best bid made for Jaypee Infratech at the bankruptcy proceedings.

16 Apr 2018

SC directs Jaypee Associates to deposit Rs 100 crore by May 10

SC has directed Insolvency Resolution Person to consider representation of JAL as per law.

21 Mar 2018

SC directs Jaypee Associates to deposit Rs 200 crore by May 10

The court also stayed all notices for demands raised by the developers to the home buyers seeking refund of their money.

10 Jan 2018

SC asks Jaypee to file list of ongoing housing projects in the country

The apex court has also ordered creation of a portal for registering grievances of homebuyers of JAL.

Jaypee insolvency case

18 Sep 2017

SC allows homebuyers to intervene in Jaypee insolvency matter

The home buyers in their plea had sought a direction to the government and others that this code "shall not curtail the legal statutory and vested rights of the flat owners/ buyers as consumers" defined under Consumer Protection Act.

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