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Jaypee Wish Town project homebuyers protest at firm's office

Press Trust of India  |  Noida 

Scores of angry homebuyers of Jaypee Wish Town project today protested at the company's office here demanding that their money be returned after the Tribunal admitted the insolvency filed by against the debt-ridden Jaypee Infratech.

According to the SHO of Expressway police station, over 400 people protested at the company's office here and personnel from four to five police stations were deployed to control them.

They demanded that their money be returned first as they fear that if the company is declared insolvent all their cases will become ineffective and they will not be able to get possession of their flats and lose their hard-earned money.

The bench of NCLT has admitted the filed by under Section 7 of Insolvency and Bankruptcy Code 2016, Jaypee Infratech had said in a regulatory filing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 12 2017. 17:22 IST