SC asks Jaiprakash Associates to submit details of ongoing housing projects

The apex court's direction that the directors shall not alienate their or their family members' personal properties in any manner implies freezing of their assets

The Supreme Court on Wednesday directed realtor Jaiprakash Associate Limited (JAL) to give details of its ongoing housing projects in the entire country while reiterating its direction that its directors shall not alienate their personal properties.

A bench headed by Chief Justice Dipak Misra also directed amicus curie Pawan Shree Agrawal to set up a portal to take note of the grievances of the home buyers of JAL.

The bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said it would decide at a later stage the application of Reserve Bank of India (RBI) seeking its nod to file insolvency proceedings