ET: Over 400 home buyers suggests COC considers Jaypee’s proposal

1 July 2019: Over 400 Jaypee homebuyers suggested that COC considers the proposal made by Jaypee Group under section 12A.

They conducted a candle light march at India gate on Sunday to urge the authorities to expedite the completion and delivery of their flats in the beleaguered project.

Buyers are demanding an end to the time consuming litigation process.

The homebuyers have made written appeals to the Finance Minister and the Minister of Housing and Urban Affairs in India demanding COC should look beyond NBCC to deliver homes. They also said that no bidder should be allowed to make any conditional bid and hold homebuyers as hostage.

They also suggested that IDBI should take more time from NCLAT for resolution and finally accept the meritorious proposal after considering all the aspects of Jaypee.

The Economic Times reported

Categories: General News, India Bankruptcy

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