NIFTY 50

What lies ahead for the hapless Jaypee homebuyers

Updated : May 15, 2018 09:57 AM IST

Despite the consumer-friendly Real Estate Regulation and Development (RERA), despite a well-defined insolvency and bankruptcy code (IBC), 18,000-plus Jaypee Group homebuyers face the possibility of the company going into liquidation, with their financial rights stuck at the bottom of the recovery pile.
May 16 is a crucial date when Supreme Court will take a decision.The apex court has already made its stand very clear last week – Jaypee Infra cannot go into liquidation. Bankers know that too.
What lies ahead for the hapless Jaypee homebuyers
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV