The Supreme Court rued that the authorities in Noida prioritised the recovery of dues from developers over the interests of those who had invested in homes
After the meeting, it was decided that a consultant will study the resolution plan of Suraksha Group, which is set to take over Jaypee, and will suggest a suitable way to address the issues related to the matter
Around 20,000 homebuyers have been waiting for over a decade to take possession of homes as JIL failed to deliver flats as per the stipulated time frame, citing a financial crisis in the company.
More than 20,000 flats in a Noida project were yet to be completed by the JIL when the insolvency proceedings began for the real estate firm in August 2017