Noida (Uttar Pradesh): As hundreds of angry home buyers of Jaypee Wish Town staged a protest here, the Noida Authority on Saturday promised to protect the interests of the flat owners, saying a plan is being worked out in this regard.
The home buyers gathered at the company office here, shouting slogans against the management and demanding refund of their investments since the National Company Law Tribunal has admitted the insolvency petition filed by IDBI Bank against the debt-ridden Jaypee Infratech.
The protesters demanded that their money be returned first as they fear that if the company is declared insolvent, all their court cases will become ineffective and they will not be able to get possession of their …
Read the full article at: http://www.firstpost.com/business/jaypee-infratechs-home-buyers-stage-protest-in-noida-after-company-files-petition-for-insolvency-3923919.html