{"id":82982,"date":"2018-06-16T06:31:12","date_gmt":"2018-06-16T06:31:12","guid":{"rendered":"http:\/\/www.bnreport.com\/jaiprakash-associates-to-submit-plan-for-home-buyers\/"},"modified":"2018-06-16T06:31:12","modified_gmt":"2018-06-16T06:31:12","slug":"jaiprakash-associates-to-submit-plan-for-home-buyers","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/jaiprakash-associates-to-submit-plan-for-home-buyers\/","title":{"rendered":"Jaiprakash Associates to submit plan for home buyers"},"content":{"rendered":"

Jaiprakash Associates Ltd.<\/a> (JAL<\/a>) will submit an appropriate proposal before the Supreme Court<\/a> to protect the interest of its stuck homebuyers. <\/p>\n

Last month, JAL was directed by the apex court to deposit \u20b91,000 crore in Registry by Friday. This was in addition to \u20b9750 crore that the company had already deposited with the courts registry for ensuring refund to homebuyers. <\/p>\n

\u201cCompany will be submitting an appropriate arrangement before the Supreme Court in the interest of homebuyers for direction,\u201d a source in the Jaypee group<\/a> said. <\/p>\n

On May 16, the court had said that the liquidation proceedings against JALs debt-ridden subsidiary Jaypee Infratech Ltd. (JIL) shall remain stayed on submission of this amount. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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