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Infrastructure

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
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