Jaypee homebuyers request PM Narendra Modi to intervene
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Synopsis
Jaypee Infratech’s committee of creditors (CoC) had on December 18, 2019 selected NBCC to acquire the company with 97.36% of the votes. The other contender was Suraksha Realty.
Agencies
Recently, Supreme Court had asked Suraksha Realty and state-run NBCC (India) Ltd to submit modified or fresh resolution plans to take over the projects.
Close to 20,000 homebuyers in the bankrupt realty developer Jaypee Infratech’s residential projects in Noida and Greater Noida have urged the Prime Minister Narendra Modi to intervene to ensure completion of stuck project.
Jaypee Kensington Boulevard Apartments Welfare Association (JKBAWA) have written to the Prime Minister after holding a protest at Jantar Mantar on Saturday.
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