The Supreme Court on Wednesday has provided interim relief to ten flat buyers in Jaypee's Calypso project.
It also directed Jaypee Infratech to pay Rs. 50 lakh for delayed possession to these home buyers.
Earlier on August 24, the Supreme Court adjourned hearing on home buyers' plea, challenging insolvency order against Jaypee Infratech.
The IDBI filed an insolvency plea in the tribunal after Jaypee Infratech defaulted on a loan of around Rs. 8,500 crore. Although the company had claimed that it held adequate assets to repay the loan, the IDBI went ahead and filed the plea.
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