On March 21, the apex court had asked the company to deposit Rs 200 crore in two instalments.
"At present we are concerned with the refund and will take later the issue raised by home buyers who want delivery of flats," the top court had said.
Thousands of home buyers are stuck after the National Company Law Tribunal (NCLT) had last year admitted the IDBI's bank plea to initiate insolvency proceedings against the debt ridden Jaypee Infratech.
Jaypee Group is targeting to complete the construction of pending 24,000 flats in Noida by 2020 at a cost of about Rs 8,000 crore and deliver it to home buyers.
Of the Rs 8,000 crore needed to complete the flats, Rs 6,000 crore would come from home buyers while another Rs 2,000-2,500 crore needs to be infused, Jaypee adviser Ajit Kumar had said earlier this year.
Of the total flats/plots, Jaypee Infratech, which has already gone into insolvency, began work on 28,000 units while the remaining 4,000 units were with Jaiprakash Associates.
The group is facing huge protest from home buyers due to delays in delivery of real estate projects.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)