Moneycontrol
Sep 12, 2017 07:57 PM IST | Source: CNBC-TV18

Urban Reality: JP Infra insolvency saga

The Supreme Court has come down hard on the Jaypee Group ordering the conglomerate to deposit Rs 2,000 crore by October 27 reversing its earlier order. The Apex Court asked the insolvency professional to takeover Jaypee Infra management and create a plan to protect the interest of home buyers.

The Supreme Court has come down hard on the Jaypee Group ordering the conglomerate to deposit Rs 2,000 crore by October 27 reversing its earlier order. The Apex Court asked the insolvency professional to takeover Jaypee Infra management and create a plan to protect the interest of home buyers. This is the biggest single victory for home buyers stuck in delayed projects across the country.

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