Manoj Gaur just wont let go of Jaypee Infratech Ltd. even as lenders vote on a bid for the insolvent developer. And he hopes to derail the process with the help of people his company abandoned: homebuyers.
About 25,000 buyers are waiting for apartments in the Jaypee Greens Wishtown project in Noida that the debt-ridden developer failed to deliver because of lack of funds. Thanks to the Supreme Courts intervention, they now control 58 percent of the votes on the committee of creditors.
On April 19, Gaur met with some of them and made an unsolicited offer, according to two homebuyers who attended the meetingthey spoke on the condition of anonymity as the talks were private. The promoter has sought another round of discussions.
The plan involv…
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