Jaypee Infratech insolvency case: Homebuyers protest outside office

Noida (Uttar Pradesh), Aug 12 (ANI): Homebuyers staged a protest outside Jaypee office in Noida Sector 128 on Saturday. The protestors held banners and raised slogans against the builders and the Uttar Pradesh gove ment. Infuriated over the bankruptcy of the builder, the protestors now question the credibility of the company. It all started when National Company Law Tribunal (NCLT) put Jaypee Infratech in the category of bankrupt companies on Friday. The homebuyers had booked flats in Jaypee Group's two major projects, including Jaypee Group's Wish Town in Sector 128 and Jaypee Aman housing projects in Sector 151. Jaypee Infratech could provide possession of only 1,000 flats out of 5,000 in the Jaypee Aman project in Sector 151. Following this, the homebuyers doubt if they would ever be given the keys to their promised apartments.

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