Supreme Court has agreed to hear tomorrow a plea of several aggrieved flat-buyers who had booked their home in several projects of Jaypee Infratech. Appearing for flat-buyers, senior advocate Ajit Sinha said, around 32,000 buyers have booked their homes in 27 different housing projects of Jaypee Infratech and they are left in the lurch as the insolvency proceedings have been started against it. <br/><br/>Flat-buyers have alleged that they will neither get a home nor a refund of their money on account of being unsecured creditors. Referring to the provisions of the new Insolvency and Bankruptcy Code, the advocate said, the decrees and orders passed by the consumer courts and civil courts in favour of home buyers cannot be executed due to pendency of insolvency proceedings.
News On AIR | August 23, 2017 12:04 PM
SC to hear plea of Jaypee flat buyers tomorrow