Jaypee Infratech, which is undergoing insolvency proceedings, will have to display the identity of all the 24,000 home buyers of its Noida housing project on its website, irrespective of the posts they hold, so that the interest of the genuine buyers is protected.
The National Company Law Tribunal (NCLT), Allahabad, in its order of December 10, 2018, said there is no need to protect the privacy of individual investors in Jaypee Infratechs housing projects after the resolution professional appealed for secrecy of the investors, particularly when they hold special post. It would rather improve transparency and voting rights of the investors, the court said.
Even if the investor in the Noida housing project is a Member of Legislative …
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