Legal experts have mixed opinions on the insolvency proceedings against the Jaypee Infratech with regard to the safety of buyers investments.
A section of experts said that the insolvency proceedings against the Jaypee Infratech following the National Company Law Tribunal (NCLT) order will benefit around 30,000 homebuyers and it would give them a chance to get back their investment. But homebuyers will have to represent themselves properly with required documents before NCLT.
Another section is of the opinion that if Jaypee Infratechs assets are not adequate to pay off the bank loans, buyers will be in trouble.
The insolvency proceedings are a blessing in disguise for homebuyers because Jaypee Infratech was unable to deliver flats or refund…
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