Hundreds of homebuyers of Jaypee Infratech Group decided legal and political action on Tuesday after the private housing major in Noida teetered on the brink of insolvency.
Around 500 of them gathered at a park in Sector 15A to chalk out a plan after the National Company Law Tribunal admitted the insolvency petition filed by IDBI Bank against the debt-ridden Jaypee group.
The tribunal advised homebuyers, employees and creditors of Jaypee projects to file their claims before August 24.
We fail to understand why buyers should suffer if a real estate developer fails, said SK Nagrath, a retired army official and president of Jaypee Aman Flat Buyers Association.
The people agreed to meet Gautam Budh Nagar parliamentarian Mahesh Sharma, and Noida …
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