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Supreme Court moves to protect Jaypee Infratech home buyers

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - The Supreme Court moved on Monday to protect buyers of homes sold by builder Jaypee Infratech, which is being pursued in a bankruptcy court over unpaid loans, telling its parent Jaiprakash Associates to deposit 20 billion rupees ($313 million) with it by Oct. 27.Many buyers of apartments in a mega township project being built by Jaypee Infratech on the outskirts of New Delhi have paid for them but have yet to take possession. They filed a petition with the court because of worries they would lose their money.The buyers had asked the Supreme Court for protection as ...

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First Published: Mon, September 11 2017. 18:25 IST
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