Jaypee Infra promoters propose to repay all lenders, complete projects

Appellate tribunal reserves order on extending CIRP time of JIL, likely to pronounce order on July 29.

Jaypee Associates Limited (JAL), the promoters of Jaypee Infratech Limited (JIL), on Monday proposed to repay 100 per cent dues of all lenders, and complete unfinished homes within 3 years.

The company's lawyer told the National Company Law Appellate Tribunal (NCLAT) the lenders would get all their dues without taking any haircut and there will be a slew of perks for the homebuyers, including compensation for delay in completion of work.

JAL also proposes to waive off stamp duty for registration for homebuyers, give one year of free maintenance and additional compensation for delay. The land bank, which belongs to JAL, will