Amid growing sense of anxiety and confusion among home buyers of Jaypee Infratech projects, the insolvency resolution professional (IRP) has come up with a few clarifications regarding a resolution plan and chances of refund for stalled projects.
The IRP has come up with a list of 27 projects under three land parcels where buyers can submit a claim. Many buyers were confused about whether to file claims against Jaypee Infratech or Jaypee Associates. The IRP has now listed 27 projects which come under Jaypee Infratech.
The IRP constituted by National Company Law Tribunal (NCLT) has issued various clarifications regarding the current logjam between buyers, builders and banks on Friday evening.
Stating that a resolution plan will be approved …
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