The e-voting started at 12 pm and will end on May 19 at 8 pm, sources said, adding the results will be declared on May 20.
Homebuyers complain that the situation has left them confused.
Over 600 buyers attended the meeting, which they termed as an 'eyewash'.
Homebuyers demand higher delay payment amount paid by NBCC and shorter timelines for completion of units.
Homebuyers have been demanding an independent audit to determine why Jaypee Infratech had failed to deliver the projects.
In its bid, NBCC has promised to deliver flats to homebuyers in four to five years from the transfer date, subject to the availability of the cash flows from the respective projects
The Committee of Creditors has recommended that a forensic audit be conducted as demanded by Jaypee homebuyers.
Noida based Investors Clinic is a leading real estate broker with 34 offices across India. It competes with other organised brokers like Anarock, PropTiger, Quikr Realty, 360 Realtors and Square Yards in property brokerage business.
Post the Jaypee, Amrapali and Unitech case, homebuyers are definitely more informed. Despite that, the trust deficit is bound to continue as a majority of them are still apprehensive about under construction projects.
The board has decided to grant the Jaypee group, which was supposed to make the payment by September, a final one month's time to clear their debts, or face coercive actions including cancellation of land allotment, a senior official said.
Sources said that L&T Infrastructure may not be invited for bidding as the company is only given a conditional bid for taking over Yamuna Expressway project.
Under the joint development model policy, NBCC will invite other companies to participate and submit their expressions of interest for developing real estate projects
The home buyers have written to Prime Minister, Finance Minister, Minister of Road Transport and Highways, and Minister for Housing and Urban Affairs.
Five other items on agenda including the proposal to replace Anuj Jain as resolution professional for the company’s ongoing bankruptcy procedure was rejected.
Homebuyers, FD holders and financial institutions have voted online on appointment of Deloitte Touche Tohmatsu India LLP to assist the RP, buyers' objections to related party transactions between JIL and JAL, proposed fee for the resolution professional among other issues
NCLT says both the release of funds and the clarification of voting arrangement matters need to be considered in detail and asks members of the COC to file their response. The next date of hearing is fixed for October 16
In a letter to the IBBI chief, homebuyers demand that the IRP display the entire list of 30,000 homebuyers and an investigating agency look into details of funds flow.
Homebuyers need to select a candidate in an online vote who would represent them in the Committee of Creditors meeting. The last date for voting is August 28, the CoC meeting could be held in mid-September.
Homebuyers want a new promoter to be inducted for the resolution of JIL. Seek for extension of the insolvency resolution period by 45 to 60 days for induction of a new promoter.
Requests SC to direct NCLT Allahabad for a stay of liquidation proceedings; hearing to continue on July 17
Supreme Court had disallowed Jaiprakash Associates to hive off Yamuna Expressway on Friday
Matter to come up for discussion again at high-powered committee meeting on July 10
The Noida-based company was earlier in talks with Rana Kapoor-promoted Yes Bank as well but finally managed to get the loan commitment from Deutsche only.
Seeks SC’s permission to ‘monetize/create security of some of its assets to enable it to comply with the orders’ of the apex court. Next date of hearing is today
Demand early possession, quality construction, delay compensation and no increase in super area