NEW DELHI: Homebuyers of Jaypee Wish Town are banking on the corporate insolvency resolution process for getting their homes delivered, while keeping the plan to move the Supreme Court on hold. Buyers say lawyers have advised them to wait and watch the situation, before taking any decision.
We have decided to wait for the insolvency resolution professional (IRP) to provide a solution. We want our flats and we can only get them through a concrete proposal by IRP, said Devendra Yadav, a member representing 10 associations of Jaypee Infratechs Wish Town projects, comprising over 2,500 homebuyers.
Yadav also said that homebuyers want to be part of the committee of creditors (CoC) which will approve the resolution plan prepared by IRP. Co…
Read the full article at: http://economictimes.indiatimes.com/industry/services/property-/-cstruction/homebuyers-of-jaypee-wish-town-banking-on-irp/articleshow/60316172.cms