Home buyers oppose liquidation proposal for Jaypee Infratech
Home buyers of Jaypee Infratech`s (JIL) residential projects on Monday said they are opposed to the liquidation of the company or its acquisition by Jaiprakash Associates (JAL) as the latter failed to deliver flats to several buyers and it is likely to become insolvent soon
On Friday, May 11, Jaiprakash Associates had asked the Supreme Court to consider its resolution plan for revival of Jaypee Infratech. Image source: Reuters