Home Jaypee Group Wish Town (24 Complaints)
Mayursinh Kumpavat 30th Nov

NEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded.

A bench headed by Chief Justice Dipak Misra said this while hearing a plea by over 40 homebuyers of Jaypee Wish Town project at Noida in Uttar Pradesh who have challenged certain provisions of the Insolvency and Bankruptcy Code, 2016.
The apex court, however, said it does not want to have more litigations in such matters.

\"We want to help the homebuyers but not litigation,\" the bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said.

\"We want that homebuyers must get their flats or their money,\" the court said.
The bench told petitioner\'s counsel Rashid Saeed that it has already appointed senior advocate Shekhar Naphade as an amicus curiae in the matter pertaining to the insolvency proceedings against real estate major Jaypee Infratech Ltd.

It asked Saeed to file an application for impleadment as a party in the pending insolvency proceedings matter.

The petitioner\'s counsel said these homebuyers had booked the flats in 2013 and were scheduled to get the possession last year itself.

He said the flats have not been handed over to these buyers despite the fact that they have paid bulk of the amount for the property.
The apex court had on September 11 revived the insolvency proceedings against Jaypee Infratech Ltd and given its management control to the Interim Resolution Professional (IRP), appointed by the National Company Law Tribunal, with immediate effect.

It had restrained the managing director and directors of the company from travelling abroad without permission and asked its parent company, Jaypee Associates, to deposit Rs 2,000 crore with the registry to safeguard the interest of the home buyers.

The top court had also asked Jaypee Infratech to hand over the records to the IRP for drafting a resolution plan indicating protection of interests of over 32,000 hassled home buyers and creditors.

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Mayursinh Kumpavat 16th Aug

aypee Group\'s Chairman Manoj Gaur today reached among protesting home buyers and tried to assured them that their invested money will not go anywhere. But, protesting buyers went out of control.

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Mayursinh Kumpavat 16th Aug

Over 500 home buyers stormed the gates of the Jaypee Infratech office in sector 128, Noida on 12 August. The buyers sat in protest at the office and threatened to go on a hunger strike until the impasse between the group and the buyers is resolved by the government.
This comes just days after the Allahabad bench of the National Company Law Tribunal (NCLT) declared Jaypee Infratech an insolvent company, leaving home buyers who have invested lakhs of rupees in Jaypee properties in the lurch.
The buyers have been given time till 24 August to raise claims related to their investments in the project.

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Mayursinh Kumpavat 16th Aug

People Protest Outside Jaypee Infratech\'s Noida Office

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Mayursinh Kumpavat 16th Aug

Jaypee Home Buyers Stage Protest In Noida

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Mayursinh Kumpavat 12th Aug

NCLT as it declared JP Infra as insolvent which has left it buyers stranded who have recently invested their funds in JP Infra upcoming township project. Builder still not informing any buyers

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Mayursinh Kumpavat 11th Aug

All buyers are doing protest in Jaypee\\\'s office for their house...but staff not allow media inside office & not responding any customer...

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Mayursinh Kumpavat 10th Aug

Jaypee Wish Town home buyers can finally breathe a sigh of relief as the construction beings after being stuck for seven long years. work started in Calypso project more than 200 workers are working in 4 towers...

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Mayursinh Kumpavat 10th Aug

All buyers are doing protest against builder over delayed possession for flat

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Mayursinh Kumpavat 10th Aug

JP management denied meeting with group of investors lead by women who are part of JP investors group including their little one.management behind police cover. Even Gaur\'s were offered bangles....

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Mayursinh Kumpavat 5th Aug

All Buyers of Jaypee Wishtown meet CM & Yamuna Authority & Builder

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Mayursinh Kumpavat 5th Aug

All Buyers are worry because Jaypee Infra is now bankrupt...

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Mayursinh Kumpavat 4th Aug

Buyers are doing protest against Jaypee Group for delay in project

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Mayursinh Kumpavat 31st Jul

Manoj Gaur MD of Jypee Group is giving promises that he will give home to buyers so soon........but when? only he know...

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Mayursinh Kumpavat 31st Jul

Big Company\'s like Indian Oil are suffering for possession of there home

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