The Supreme Court has agreed to hear IDBI Bank's plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on the 11th of this month. <br/><br/>A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar considered the submission of the bank that staying the order of the National Company Law Tribunal, NCLT in Allahabad had reversed the position and, as a consequence, the company had gone back to defaulting promoters.<br/><br/>Senior advocate A M Singhvi, appearing for the bank, said the Jaypee group was in charge of the company again because of yesterday's apex court order. The bank's money is also public money and we are seeking modification of that order, he said.<br/><br/>The top court had yesterday stayed insolvency proceedings against Jaypee Infratech at NCLT on a plea by some home buyers, who have neither got homes nor their money back and are seeking protection of their interest.<br/><br/>Flat buyers, under the Insolvency and Bankruptcy Code of 2016, do not fall in the category of secured creditors like banks and hence can get back their money only if something is left after repaying the secured and operational creditors, one of the pleas filed by some home buyers said. <br/><br/>The buyers had contended that around 25,000 crore rupee worth of money of flat buyers and others had been at stake, while the insolvency proceedings were initiated for a mere sum of 500 crore rupees. Around 32,000 persons had booked flats in Jaypee Infratech projects.